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Things can get a little tricky when you reach age 65 and are still working and contributing pre-tax dollars to a Health Savings Account (HSA). Medicare and HSA rules intersect, complicating already complex decisions about when to take your Social Security and Medicare benefits.

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Receiving Medicare and Social Security benefits disqualifies you from contributing to an HSA. If you started an account before you enrolled in Medicare, you still keep the account and make withdrawals—you just can’t contribute to it any longer.

Use this interactive tool to learn more:

I am about to turn age 65 and planning to enroll in Medicare.

OR

I am already age 65 or better and planning to enroll in Medicare.

I am enrolled in the BMC HSA plan and either contributing to the Health Savings Account, or not contributing, but receiving BMC employer seed.

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I am enrolled in the BMC HSA plan and either contributing to the Health Savings Account, or not contributing, but receiving BMC employer seed.


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You cannot open or contribute to a Health Savings Account once you’ve enrolled in Medicare. You must stop all HSA contributions (employee and employer) up to seven months prior to enrolling in Medicare. Reminder: You can continue to use your HSA funds for qualified healthcare expenses after you’ve enrolled in Medicare.

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I am enrolled in the BMC HSA plan and either contributing to the Health Savings Account, or not contributing, but receiving BMC employer seed.


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No action is needed regarding an HSA.

I am age 65 or better and am enrolled in Medicare.

I am currently enrolled in the BMC HSA plan and contributing to the Health Savings Account.

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I am currently enrolled in the BMC HSA plan and contributing to the Health Savings Account.


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You cannot open or contribute to a Health Savings Account while enrolled in Medicare. Tax penalties apply. To minimize your exposure, HSA contributions must stop immediately. Submit a My Requests ticket to BMC Corporate Benefits for assistance with this process. Reminder: You can continue to use your HSA funds for qualified healthcare expenses after you’ve enrolled in Medicare.

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I am currently enrolled in the BMC HSA plan and contributing to the Health Savings Account.


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No action is needed regarding an HSA.

I am age 65 or better and receiving Social Security benefits.

I am enrolled in the BMC HSA plan and contributing to the Health Savings Account.

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I am enrolled in the BMC HSA plan and contributing to the Health Savings Account.


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Receiving Social Security benefits automatically enrolls you in Medicare Part A. You cannot open or contribute to a Health Savings Account if you are enrolled in Medicare. Tax penalties apply. To minimize your exposure, HSA contributions must stop immediately. Submit a My Requests ticket to BMC Corporate Benefits for assistance with this process. Reminder: You can continue to use your HSA funds for qualified health care expenses after you’ve enrolled in Medicare.

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I am enrolled in the BMC HSA plan and contributing to the Health Savings Account.


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No action is needed regarding an HSA.

I am age 65 or better and have decided to delay enrolling in Medicare and/or receiving Social Security.

I am enrolled in the BMC HSA plan and contributing to the Health Savings Account.

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I am enrolled in the BMC HSA plan and contributing to the Health Savings Account.


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You can continue to contribute to your Health Savings Account until you enroll in Medicare (electing to receive Social Security benefits enrolls you in Medicare Part A). Medicare coverage is retroactive to your 65th birthday, or up to seven months prior to enrolling in Medicare if you are already over age 65. You must stop all HSA contributions up to six months prior to enrolling in Medicare. There are several components to this process once you decide to enroll in Medicare. Submit a My Requests ticket to BMC Corporate Benefits for more information. Reminder: You can continue to use your HSA funds for qualified healthcare expenses while you are enrolled in Medicare or receiving Social Security benefits.

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I am enrolled in the BMC HSA plan and contributing to the Health Savings Account.


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No action is needed regarding an HSA.

Disclaimer:

The content on this site includes links to tools and information that are not the property of BMC Software, and BMC Software is not responsible for their accuracy, completeness or continued availability. Some of the material contained in this site is based on official plan documents. It is not, nor is it intended to be, the legal plan document or a contract between the company and any employee or contractor. Every effort has been made to ensure the accuracy of this material. In the unlikely event that there is a discrepancy between the site and the official plan documents, the official plan documents will control. BMC Software reserves the right to amend or terminate the plan(s) or program(s) at any time. If you believe the benefits do not describe those available to you, contact the Benefits Center at 877-BMC-4849.

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Resources

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Plan Contact Information
Enrollment Presentation
Benefits Webinar
Summary of Advocacy Services
HSA Trustee Transfer Form
Request to Close HSA Form
2012 Rates
Medco Preventive Drug List
How to Change Your HSA Contribution
Register for Aetna Navigator

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Blue365 Discount Program

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Retirement

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Blue Access Mobile
Benefits Value Advisors
Nurseline

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Dependent Verification
Wellness Program Overview
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Resources

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FAQs About Medication Management
2013 Rates
2013 Rates with Wellness Discount
Plan Contact Information
Summary of Advocacy Services
Register for Aetna Navigator
Age 65 Reminder Email
How to Request STD and/or FMLA

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Blue365 Discount Program

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Retirement

Icon-pdfBCBSTX Resources

Blue Access Mobile
Benefits Value Advisors
Nurseline

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Dependent Verification
Wellness Program Overview
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Annual Enrollment Presentation
Replay the Employee WebEx on 2013 Enrollment
ESPP Webinar
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Blue365 Discount Program

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2014 Rates
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FAQs About Medication Management

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Retirement

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Blue Access Mobile
Benefits Value Advisors
Nurseline

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Transition of Care Summary
PPO Plan Changes Summary
Benefits Value Advisors
Blue365 Discount Program
Duty Calls Parenting App
Find Doctors App
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Blue Access Mobile

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Dependent Verification
Wellness Program Overview

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Magellan EAP Highlights
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Blue365 Discount Program
2016 Step it Up Team Tip Sheet.pdf

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Retirement

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Blue Access Mobile
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Duty Calls Parenting App
Find Doctors App
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FAQs About Medication Management
MetLife BMC Dental Plan
Magellan EAP Highlights
Teladoc Services Highlights
Dependent Verification
Wellness Program Overview
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Benefit Presentations

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Medicare, Social Security and Health Savings Accounts
HSA & Medicare
Mythsmashers
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Blue365 Discount Program

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BMC 2016 Step Therapy Drug List
BMC 2016 Prior Authorization Drug Lists
Express Scripts Maintenance Medication List

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2016 Rates
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2016 Plan Contacts
Retirement

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Blue Access Mobile
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Dependent Verification
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Resources

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2017 Plan Contacts
Blue365 Discount Program

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2017 Rates
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Retirement
2017 Step it Up Team Tip Sheet.pdf

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Blue Access Mobile
Benefits Value Advisors
Nurseline

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Dependent Verification
Wellness Program Overview
FAQs About Medication Management
Magellan Employee Assistance Program
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Benefit Presentations

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Annual Enrollment Presentation
Medicare, Social Security and Health Savings Accounts
Watch a recorded employee meeting
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Resources

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Blue365 Discount Program
2018 Annual Limits

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Blue Access Mobile
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Nurseline

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Dependent Verification
Wellness Program Overview
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Benefit Presentations

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Annual Enrollment Presentation
Medicare, Social Security and HSAs Presentation
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Medicare, Social Security and HSAs Recorded Meeting
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Resources

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Blue365 Discount Program
2019 Rates
2019 Annual Limits

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Blue Access Mobile
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Nurseline

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Dependent Verification
Wellness Program Overview
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Benefit Presentations

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Annual Enrollment Presentation
Annual Enrollment Recorded Meeting
Medicare, Social Security and HSAs Recorded Meeting
Medicare, Social Security and HSAs Presentation
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Resources

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Blue365 Discount Program
2020 Rates
2020 Annual Limits
Annual Enrollment Presentation
Medicare, Social Security and HSAs Presentation

Icon-pdf2017 Information

Retirement

Icon-pdfBCBSTX Resources

Blue Access Mobile
Benefits Value Advisors
Nurseline

Icon-pdfOther Resources/Services

Dependent Verification
Wellness Program Overview
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Benefit Presentations

View recorded WebEx presentations on benefits topics.

Annual Enrollment Presentation
Annual Enrollment Recorded Meeting
Medicare, Social Security and HSAs Presentation
Medicare, Social Security and HSAs Recorded Meeting
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