Quote:
Originally Posted by gailarlene
You can keep your HSA when you retire and continue to use the money in it for qualified medical expenses and certain over-the counter items. However, you can no longer contribute to it. Once the funds are used up it's done.
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The CARES Act of 2020 added thousand of over the counter items that could be paid for by an HSA including allergy and cold meds, ointments, pain relievers and feminine care products.
Many taxpayers do not realize that they can pay their medicare premiums out of their HSA.
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Facts are stubborn things; and whatever may be our wishes, our inclinations, or the dictates of our passions, they cannot alter the state of facts and evidence. John Adams
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