The House version of the One Big Beautiful Bill Act (OBBB) was set to make Health Savings accounts (HSAs) more accessible and useful to those aged 55 and over, such as allowing those still employed and enrolled in Medicare Part A to continue to make contributions to their HSAs. However, that provision and most other changes that benefited retirees were left out of both the Senate and the final version of the OBBBA.
HSAs can help you build a nest egg to pay for medical expenses in retirement, including Medicare premiums and co-payments. However, the prevailing rules prohibit participation after you enroll in Medicare and are confusing for those who have an HSA while they are preparing to retire.
