I am will be turning 65 in early December 2017. I always assumed that Medicare would begin for me the month following my 65th birthday, which would be January 1, 2018. There was a recent conversation on this forum about when Medicare eligibility begins. My understanding now, is that since if my birthday is in early December 2017, that my coverage will begin on December 1, 2017. That is assuming I apply in a timely manner.
My concern now is will this be a problem for my HSA contribution for 2017? My wife and I are both covered by an HSA eligible ACA policy. We have already contributed a total of $7,750 into our HSA account for 2017. If I start Medicare on December 1, 2017 will this create a problem tax wise? If so, what would be the correct fix? Wife is not eligible for Medicare until early 2019
My concern now is will this be a problem for my HSA contribution for 2017? My wife and I are both covered by an HSA eligible ACA policy. We have already contributed a total of $7,750 into our HSA account for 2017. If I start Medicare on December 1, 2017 will this create a problem tax wise? If so, what would be the correct fix? Wife is not eligible for Medicare until early 2019