Can You Use Hsa Money for Anything After Retirement?
If you retire before the age of 65, you can continue to contribute to your HSA provided you maintain the other eligibility requirements. Even if you had an employer-sponsored HDHP and HSA account, you can work with your HSA administrator to continue contributing to said account.
Is it good to have a HSA account?
However, you will still have paid FICA and Medicare taxes on that money. Therefore, it is best to contribute to an HSA account directly from your paycheck.) What makes an HSA account ideal is that if you use the money in your HSA for medical expenses, the money taken out is tax-free.
When to withdraw from a health savings account?
HSAs are also excellent retirement savings vehicles since the money you contribute grows tax-free and can be withdrawn for any purpose after age 65.
