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HSA over age 65
originally posted: 11/22/2006
reposted: 2/18/2011 This post has not been recently
reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email asktony@tonynovak.com.
Q:
Does any state allow an HSA for Social Security eligible persons?
A:
This is not a state-controlled issue because HSA benefits are governed by federal income tax law. Current federal income tax law under IRC 223(b)(7) specifically excludes Medicare-eligible people from this tax benefit, although there is expectation that the HSA program will eventually be expanded to include Medicare participants
Summary
More resources:
www.healthsavingsaccount-hsa.com
