HSAs — Articles

Financial organizations are responsible for paying out HSA assets to beneficiaries after an HSA owner’s death and properly reporting these distributions to the IRS, so your role as an HSA administrator is important. And because HSA beneficiary options differ from IRA and employer plan beneficiary options, it’s a good idea to familiarize yourself with the options and distribution process.

HSAAscensusNovember 21, 2024HSA, HSAs, Health, Beneficiary, Business Insights, IRA

HSAs and Medicare

It is not turning age 65 that makes people ineligible to contribute to HSAs, but rather enrollment in Medicare that prevents HSA owners from making further contributions. And while most people do enroll in Medicare when they turn 65, it is not necessarily required.

HSA, expertAscensusSeptember 19, 2024HSA, HSAs, Medicare