You may be eligible to continue contributing to your HSA after age 65 if:
- you are still working;
- you defer receiving Social Security benefits; and
- you delay enrollment in Medicare Part A.
Delaying Medicare Part A at age 65 may not be advisable or possible based on your individual circumstances. It’s important to consult a Medicare expert before making a decision.
If you decline to take Medicare when you first qualify, you must prepare for if/when you decide to collect Social Security benefits later. Medicare Part A may be retroactive for up to six months, so tax penalties could apply to your HSA contributions unless you stop in advance.