Why Retroactive Medicare Part A Matters for HSAs — And How It Can Blow Up Your Tax Year
If you’re still working past age 65 and contributing to a Health Savings Account (HSA), there’s a Medicare trap hiding in plain sight. It doesn’t show up on payroll forms. It isn’t flagged by most HR departments. And it catches people every year, often after the tax year has already closed. The problem is retroactive Medicare Part A. When you enroll in Medicare, Medicare Part A can be backdated by up to six months (but…
