July 7, 2022

Health

Its all about the Health

Health Savings Account and Medicare

2 min read

A Health Savings Account and Medicare do not go hand-in-hand! Those nearing their Medicare enrollment and contributing to an HSA need to know when they need to stop all contributions because if not, you could be charged with an IRS penalty. Continue watching for a complete understanding of how an HSA and Medicare work!

HSA FLOW CHART:
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Start (0:00)
What is an HSA? (0:34)
Reasons to have a Health Savings Account (1:20)
Medicare & HSA (1:39)
Already enrolled in Social Security benefits? (3:07)
What you can use HSA funds for (3:56)
Getting ready to retire? (4:24)
Part D considerations (5:00)
Why work with Boomer Benefits (5:56)

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#HealthSavingsAccount #HSAandMedicare #HealthSavingsAccountExplained #HSA #IRSPenalty #HealthSavingsAccountExplained

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