Can I Stay on a Health Share Program with an HSA After 65?
Understanding Your Options for HSA and Healthshare Plans After Age 65
What Happens to Your HSA After 65?
Once you turn 65, you can no longer contribute to your Health Savings Account (HSA) if you enroll in Medicare. However, the funds already in your HSA remain available for qualified medical expenses, tax-free. You can continue to use your HSA to pay for healthcare costs, including Medicare premiums, deductibles, and other out-of-pocket expenses.
Health Share Options for Seniors
If you’re currently on a healthshare plan, you may need to transition to a new coverage option at age 65. Fortunately, there are alternative health share programs, such as Medi-Share 65+, designed specifically for seniors.
Alternatively, if you're looking for more comprehensive Medicare coverage, HSA for America also owns Medigap Advisors, which specializes in helping seniors find the best Medicare Supplement (Medigap) plans to cover the gaps in traditional Medicare.
Next Steps – Get Personalized Guidance
🔹 Want to explore your best option? One of our Personal Benefit Managers (PBMs) can help you compare healthshare programs and Medicare plans to make the transition easy.
📞 Contact us today or visit our sister site Medigap Advisors to learn more about Medicare and Medigap options!