Once you enroll in Medicare, you're no longer eligible to contribute funds to an HSA. However, you can use existing money in an HSA to pay for some Medicare costs.
- According to the IRS “to avoid a tax penalty, you should stop contributing to your HSA at least 6 months before you apply for Medicare. Remember, premium-free Part A coverage begins 6 months before the month you apply for Medicare (or Social Security/RRB benefits), but no earlier than the month you turn 65.”
- Aetna is also available to take inquiries about Medicare enrollments from any Moss Adams employee or family members (including if enrolled in Kaiser) – here’s a link to their flyer with contact number.
Additional questions? Contact Benefits Team or Benefits@mossadams.com