Can a couple who is planning to retire early open an HSA account?
Yes. Anyone under age 65 can contribute to an HSA if they have a high-deductible health insurance policy, and you can contribute an extra $1,000 in 2009 if you’re 55 or older. You can’t make new HSA contributions after age 65, but you can still use the money in your account tax-free for medical expenses at any age. You’ll owe income taxes on the money, but no penalty, if you withdraw the money for nonmedical expenses after age 65.
