Latest News

Be Careful of HSAs with Social Security and Medicare

Health Savings Accounts (HSAs) are a great vehicle for those with a high deductible health insurance plan, as they offer triple tax advantages.  But, as Sarah O’Brien of CNBC writes, those that regularly contribute to an HSA and plan to claim Social Security past full retirement age need to “watch out.”  You can no longer contribute to an HSA once on Medicare, no matter whether you sign up just for Part A hospital coverage (free) or additional parts of the program that require premiums.  While easy enough to comprehend, complications can arise for people who delay both Social Security and Medicare.  Read the full piece here.

 

 

Notice: The link provided above connects readers to the full content of the posted article. The URL (internet address) for this link is valid on the posted date; socialsecurityreport.org cannot guarantee the duration of the link’s validity. Also, the opinions expressed in these postings are the viewpoints of the original source and are not explicitly endorsed by AMAC, Inc.; the AMAC Foundation, Inc.; or socialsecurityreport.org.

What's Your Opinion?

We welcome your comments. Join the discussion and let your voice be heard. All fields are required

Website by Geiger Computers