Medicare and its impact on HSAs is one of the least understood aspects of the Health Savings Account program. In fact, Medicare itself is often confusing for individuals, so let’s start by defining Medicare. Medicare is a federal government program that provides health coverage to individuals who are age sixty-five or older or disabled (as defined by Section 179 of the IRC).

For a much more comprehensive discussion of Medicare, you can refer to Medicare and You, an annual guide published by the Centers for Medicare and Medicaid Services (CMS), an agency of the US Department of Health and Human Services.

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