Can I Carry Over My HSA Balance? Understanding the Basics of Health Savings Accounts

Health Savings Accounts, or HSAs, are a popular way for individuals to save and pay for medical expenses tax-free. One common question that people have about their HSA is whether they can carry over their HSA balance from year to year.

The short answer is yes, you can carry over your HSA balance. Unlike Flexible Spending Accounts (FSAs), which have a

Health Savings Accounts, or HSAs, provide a fantastic opportunity for individuals to save money for medical expenses tax-free, and one frequently asked question is whether you can carry over your HSA balance from one year to the next. The good news is that yes, your HSA balance can roll over year after year, meaning you don’t have to spend all of it before the year ends. This feature distinguishes HSAs from Flexible Spending Accounts (FSAs), which often do not allow unused funds to be carried over, forcing users to spend their remaining balance each year.