HSAs and Medicare
HSAs and Medicare work together to help you in retirement. Once you enroll in Medicare, you can no longer contribute to your HSA, but you can still use your HSA to pay for qualified medical expenses, including Medicare premiums.
HSAs cover premiums, deductibles, copays and coinsurance for:
- Part A (hospital and inpatient care)
- Part B (doctor and outpatient care)
- Part D (prescription drugs)
Maximize your savings by investing
Investing HSA dollars has many potential tax benefits and can be an additional way to save for long-term health care expenses and financial goals.