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However, you can continue to use your HSA for qualified medical expenses and for other expenses for as long as you have funds in your HSA. Loss of Eligibility in Month You Turn 65. You lose eligibility as of the first day of the month you turn 65 and enroll in Medicare. Example.
That means the HSA remains with the employee even if you change your companyâs health insurance offerings. Employer Contributions â Both employers and employees can contribute to an HSA in the same plan year, up to the maximum contributions of $3,350 for individuals and $6,650 for families effective 2015.