And we got sooooo close to a day without a scarimonial! Until I hosted a community ed class last night.
A gentleman is working, he’s over age 66 now, fully funding his HSA and did all the right things! As in did NOT take Medicare Part A at age 65. I asked how he knew to not sign on for it? He said he called Social Security (phew – right answer!)
So, as the night went on, a zillion questions later – he said “ok, so I was supposed to retire 12/31/18…now that looks like 1/30/19 or possibly 2/28/19, what do I do with the HSA funding?”
Scaremonial entrance. Tough part here is that he doesn’t have a concrete ending date. He needs to stop putting money into the HSA account six months prior to his effective date for his anticipated Part B enrollment. When you have a floating date, it doesn’t make life easy.
Dumb rule? Yes. Real rule? Yes. Betting he’s in the HR office this morning. Happy Medicare Day’s all!