Cooper@1960
Active Member
What is the name of your state?
Ohio
I am receiving full disability but am in that two year window where I am not eligible for Medicare so am paying out of pocket for my health care plan. For 2020 I will have no earned income, I am 59 years old.
If I get a HSA type health plan for 2020 can I fund the account with money out of my 401(k) and avoid paying tax on the 401(k) money? I know I can make 401(k) withdraws penalty free since I am on disability but don't know the law regarding moving the money to a tax deferred HSA.
Ohio
I am receiving full disability but am in that two year window where I am not eligible for Medicare so am paying out of pocket for my health care plan. For 2020 I will have no earned income, I am 59 years old.
If I get a HSA type health plan for 2020 can I fund the account with money out of my 401(k) and avoid paying tax on the 401(k) money? I know I can make 401(k) withdraws penalty free since I am on disability but don't know the law regarding moving the money to a tax deferred HSA.