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This Web site contains a compilation of more than a thousand consumer finance  columns written by Tony Novak from the 1980s through 2006, updated and reformatted for maximum usefulness today.  New material was added after 2010.

Content is the opinion of the author and does not represent the position of any other person or entity. Information is from sources believed to be reliable but cannot be guaranteed.

The author is paid for product endorsements and has an ownership or other financial interest in the businesses related to the topics covered.

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HSA updates

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posted: 11/22/2006  reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date.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

Q: Just a note to tell you that your it's not age 65 that precludes funding to an HSA, it's enrollment in Medicare. Not all 65+ in this country are eligible for Medicare and there are many much younger who are due to disability.

A: Yes. Last year the Treasury Department further clarified that it is actually Medicare eligibility and not Medicare enrollment that determined eligibility, in the rare event that these were not the same. IRS publications continue to state "Medicare enrollment" as the non-qualifying criteria. This issue and a number of others were recently updated at There is new information on costs of HSA accounts and the net savings reported by HSA account users nationally. The FAQ section on this site may be the most extensive and up-to-date resource for health savings accounts.


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