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Chris W. Rea
Chris W. Rea
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Hsa HSA penalty with Medicare part A

I just retired from my job at age 65 effective 3/31/17. I was contributing to an HSA up until 3/31/17. 

SSA says I will be penalized if I start taking my ssSocial Security benefits now because SSA will automatically go back 6 months from when I sign up for retirement benefits for Medicare Part A. No one at SSA could tell me how the penalty works. 

In which month can I safely sign up for SSA retirement benefits (and thus Medicare Part A) without being penalized.? How is the penalty calculated and how long will I have to pay the penalty? Does it make sense to delay collecting retirement benefits to avoid the penalty?

Hsa penalty with Medicare part A

I just retired from my job at age 65 effective 3/31/17. I was contributing to an HSA up until 3/31/17. SSA says I will be penalized if I start taking my ss benefits now because SSA will automatically go back 6 months from when I sign up for retirement benefits for Medicare Part A. No one at SSA could tell me how the penalty works. In which month can I safely sign up for SSA retirement benefits (and thus Medicare Part A) without being penalized. How is the penalty calculated and how long will I have to pay the penalty? Does it make sense to delay collecting retirement benefits to avoid the penalty?

HSA penalty with Medicare part A

I just retired from my job at age 65 effective 3/31/17. I was contributing to an HSA up until 3/31/17. 

SSA says I will be penalized if I start taking my Social Security benefits now because SSA will automatically go back 6 months from when I sign up for retirement benefits for Medicare Part A. No one at SSA could tell me how the penalty works. 

In which month can I safely sign up for SSA retirement benefits (and thus Medicare Part A) without being penalized? How is the penalty calculated and how long will I have to pay the penalty? Does it make sense to delay collecting retirement benefits to avoid the penalty?

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Paulette Agbenu
Paulette Agbenu
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Hsa penalty with Medicare part A

I just retired from my job at age 65 effective 3/31/17. I was contributing to an HSA up until 3/31/17. SSA says I will be penalized if I start taking my ss benefits now because SSA will automatically go back 6 months from when I sign up for retirement benefits for Medicare Part A. No one at SSA could tell me how the penalty works. In which month can I safely sign up for SSA retirement benefits (and thus Medicare Part A) without being penalized. How is the penalty calculated and how long will I have to pay the penalty? Does it make sense to delay collecting retirement benefits to avoid the penalty?