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shhardy-bellsouth-net
Level 1

For the purpose of being able to claim HSA when are you considered to be on medicare - when the government automatically signs you up on Part A even though you are still working past the age of 65 or when you sign up on Part B after you retire?

 
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BillM223
Expert Alumni

For the purpose of being able to claim HSA when are you considered to be on medicare - when the government automatically signs you up on Part A even though you are still working past the age of 65 or when you sign up on Part B after you retire?

When you are covered by any part of Medicare, you become ineligible to contribute to an HSA. It does not matter which Part.

 

Note that this is also true if, when you sign up, the Social Security Administration backdates your application by 6 months, as they do for some retirees.

 

In this case, the ineligibility begins with the first month of Medicare coverage, not when you signed up.

 

Note that it is the coverage on the first day of the month that determines the coverage for the month.

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BillM223
Expert Alumni

For the purpose of being able to claim HSA when are you considered to be on medicare - when the government automatically signs you up on Part A even though you are still working past the age of 65 or when you sign up on Part B after you retire?

When you are covered by any part of Medicare, you become ineligible to contribute to an HSA. It does not matter which Part.

 

Note that this is also true if, when you sign up, the Social Security Administration backdates your application by 6 months, as they do for some retirees.

 

In this case, the ineligibility begins with the first month of Medicare coverage, not when you signed up.

 

Note that it is the coverage on the first day of the month that determines the coverage for the month.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
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