Claim Social Security After 65 and Medicare Backdates 6 Months. Keep Funding an HSA and the IRS Penalizes Every Dollar.

Claim Social Security After 65 and Medicare Backdates 6 Months. Keep Funding an HSA and the IRS Penalizes Every 5 min read Quick Read Filing for Social Security automatically triggers Medicare Part A with up to 6 months of retroactive coverage, instantly converting active HSA contributions into penalized excess. The IRS charges a 6% excise tax on excess HSA contributions every year they remain in the account, compounding the penalty until fully withdrawn.

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