While the Health Savings for Seniors Act would allow contributions to HSAs to continue (or start) if you're on Medicare, it also would limit what you can use the withdrawals for.
Current law requires you to stop contributing to a health savings account once you sign up for Medicare.
However, you would not be able to use any of the money to cover Medicare premiums and you'd pay a penalty if you were to use withdrawals for non-qualified medical expenses. At the same time, though, the bill explicitly removes the ability to use HSA withdrawals to pay for Medicare premiums — something that's currently allowed. It also would eliminate penalty-free withdrawals for non-medical expenses in the 65-and-older crowd as now permitted, according to people familiar with the bill.
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