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I am enrolled in Medicare and have money remaining in my HSA. What happens to these funds?
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- I am enrolled in Medicare and have money remaining in my HSA. What happens to these funds?
- HSA funds can continue to be spent on a tax-free basis for eligible medical expenses for you and your tax dependents. If you, as the account holder, are over age 65 and the money is withdrawn for non-medical expenses, it is subject to income tax, but no other penalties apply.