Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
Level 2
posted Apr 15, 2022 6:10:19 AM

HSA Contributions

   My wife and I are retired and contributing the max HSA contributions ($7300) for 2022. We do have a qualifiedHealth Insurance Plan for HSA. The issue is in September I go on medicare. Am I allowed my whole $3650 or do I need to not contribute for the last four months. As a married couple she will still have the HSA Health Insurance plan going forward. Are we then limited only for her $3650 per year

0 1 432
1 Replies
Expert Alumni
Apr 15, 2022 6:25:37 AM

No, you can not make any more contributions to your HSA once you're enrolled in Medicare, your HSA will continue to provide tax-free funds to cover medical costs until you use up all the money in your account. You also have the option to use your HSA funds as a regular retirement account after you turn 65.  Your wife may continue to contribute $3650 until she goes on medicare.