HSAs and Medicare – a no-go zone! Medicare & Health Savings Accounts (HSAs) for seniors is like understanding that you generally cannot contribute to an HSA once you’re enrolled in Medicare. HSAs are tax-advantaged savings accounts that can be used for healthcare expenses, but they have rules about Medicare eligibility. The twist? While you can’t contribute to an HSA once on Medicare, you can still use funds already in your HSA for qualified healthcare expenses in retirement, including Medicare premiums and cost-sharing! It’s like having a pre-funded healthcare piggy bank for retirement. Understanding the HSA and Medicare rules is important for those who have HSAs and are approaching Medicare eligibility. Actionable Tip: Learn about Health Savings Accounts (HSAs) and their benefits. HSAs are a powerful savings tool for healthcare expenses, and understanding them early can be beneficial for your future financial planning.