When Should You Defer Medicare?
To Keep Your HAS Contribution
Many people with a current health savings account, also known as HSA, may want to defer enrolling for original Medicare. If they become a contributor to original Medicare, they will be no longer able to make a contribution to an HSA. The amount of money deposited into an HSA goes up on a tax-free basis. It can be used to cover many medical costs. In general, those individuals with high-deductible health insurance plans have access to HSAs. If their current health insurance meets the requirements of Medicare for creditable coverage, there will be no penalty when they defer. [2]
