When should I stop contributing to my HSA before starting Medicare?

Here's the catch: when you enroll in Medicare after 65, Part A usually starts up to 6 months before the month you apply (but never before the month you turned 65). Contributions made during those backdated months can cause a tax headache. The good news is that you can keep using the money already in your HSA for qualified medical expenses, including some Medicare premiums. Taking Social Security benefits also enrolls you in Part A automatically, so that timing matters too.[LIZ REVIEW]

When you plan to apply, whether you're taking Social Security, and your employer's contribution schedule. Check with your tax advisor for your specific numbers.

1. 1
   Choose your Medicare application date.
2. 2
   Count back 6 months and plan to stop contributions (yours and your employer's) by then.
3. 3
   Talk to your tax advisor about the year you enroll.
4. 4
   Talk to us about coordinating your start date.

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Every situation is a little different. Call us at 719-358-6696 — we actually answer the phone — or book a no-cost appointment.