Health Savings Account
Official Definition:
“Per CMS, to avoid a tax penalty, you should stop contributing to your Health Savings Account (HSA) at least 6 months before you apply for Medicare.” – www.medicare.gov
[Medi-Care-Eez] Definition:
“Stop contributing to an HSA 6-months before enrolling in Medicare Part A to avoid a tax penalty. You can use money already contributed in your HSA, but cannot make future contributions when you are on Medicare.”
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