HSAs are a fantastic way to save for medical expenses while receiving tremendous tax benefits. Lucky for you, Lockheed Martin employees have access to an HSA! With HSAs being so great, some people may wish to contribute as much and for as long as possible. As you approach age 65, it may be a good idea to begin thinking about how Medicare and HSAs interact with each other.

You cannot contribute to an HSA after age 65 if any of the following applies:

  • You are enrolled in Social Security
  • You are enrolled in Medicare
  • You are no longer in a high-deductible health plan

Please note that if you are receiving Social Security by the time you are 65, you will automatically be enrolled in Medicare and therefore ineligible for further HSA contributions! Just remember, 65 is an important age because that’s when Medicare enrollment begins for most individuals. To learn more about HSAs, please schedule an appointment with us today!

For more tips like these, click here to sign up for our weekly email blog newsletter. If you would like to get better educated on Lockheed retirement strategies, click here to download our Free Report titled Retire with Confidence: The Top 4 Things You Can Do Now to Maximize your Lockheed Retirement. And, if you want to have face time with a Lockheed Retirement Specialist², you can click here to schedule an appointmentclick here to sign up for our Lockheed Retirement Workshop or click here to just give us a call (817) 210-3444.

Be sure and check back next week for more incredibly valuable information. Cheers!


Financial Planning and Investment Advisory offered by SWMG, LLC a Registered Investment Advisor.

Lockheed Retirement Specialist is not an official title or professional designation nor is it conferred by Lockheed Martin on any individual or company.

Our Complementary consultation and free report are for informational purposes only and provided free without any obligation to utilize or retain our investment advisory services.

SMWG, LLC is not affiliated with or endorsed by Lockheed Martin Corporation. Our expertise comes from working with LMT employees for several years and helping them to retire with confidence.

iHeart Radio Ask The Experts