Can I Keep My HSA Account if I Don't Have a HDHP Anymore?

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What happens to your HSA without HDHP

If you find yourself in a situation where you no longer have a High Deductible Health Plan (HDHP), you may be wondering about the fate of your Health Savings Account (HSA). The good news is that you generally can keep your HSA account even if you no longer have an HDHP. Here's what you need to know:

If you've recently changed your health insurance plan and no longer have a High Deductible Health Plan (HDHP), you might be feeling uncertain about the status of your Health Savings Account (HSA). Rest assured, you can keep your HSA account! HSAs are personal accounts, so they belong to you rather than your employer. This means that even if you switch jobs or plans, your HSA remains intact.

Ownership, rollover, and tax-free growth

HSAs are individual accounts that belong to you, not your employer. So, even if you change jobs or switch to a non-HDHP, your HSA remains with you.

Once you have contributed funds to your HSA, those funds are yours to keep. They roll over year after year and continue to grow tax-free.

Using HSA funds after HDHP ends

While you can't continue making contributions to your HSA if you no longer have an HDHP, you can still use the existing funds in your account for qualified medical expenses.