Are you wondering whether you can carry over your Health Savings Account (HSA) funds from one year to the next? The short answer is: yes, you can! One of the fantastic benefits of an HSA is that the money you contribute to it rolls over year after year, allowing you to save and accumulate funds for your future healthcare expenses.
Here's a breakdown of how HSA rollovers work:
Yes, you can absolutely carry over your Health Savings Account (HSA) funds from one year to the next! Unlike Flexible Spending Accounts (FSAs), which typically require you to spend your funds within a certain period, your HSA contributions can grow indefinitely. This means that you can build a sizable nest egg for your healthcare expenses over time.
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