Q. The IRS allows payment from a Health Savings Account of both age 65 & older retiree health care premiums when provided by the employer and Medicare premiums. Is there a special form to make arrangements to individually pay my age 65+ FEHB premiums from my HSA account rather than via automatic deduction from my pension? I continue to enjoy excellent health, and with the interest rates so low on HSA accounts, I would just as soon use my HSA account to pay my premiums.
A. My understanding is different from yours. As I read the IRS guidelines, an HSA-eligible individual is one who is under age 65 and not entitled to Medicare. I suggest you check with the IRS to settle the matter.
