If you become disabled and are enrolled in Medicare, then you have to stop making contributions starting in the beginning of the month in which you enrolled for Medicare. Your HSA account is still active and can continue paying for qualifying medical expenses (including payments for Medicare Part A and Part B). Since you are disabled, any distribution you make for non-qualified medical expenses may not be subject to the 20% penalty and will continue to be tax-free.
Articles in this section
- What is an HSA?
- How Does an HSA Work?
- What are the benefits of an HSA?
- What are the requirements of an HSA? Am I eligible?
- What designates a qualifying High Deductible Health Plan?
- Do I have to get an HSA if I am on a High Deductible Health Plan?
- How does money get into my HSA account?
- How can I get an HSA?
- If I have a family, can I still have an HSA?
- Can I have a joint-HSA with my spouse?