Can I Roll Over My HSA to Another HSA Account?

Yes, you can roll over your HSA (Health Savings Account) to another HSA account. This process is known as an HSA transfer or rollover, and it allows you to move funds from one HSA to another without any tax consequences or penalties. Here's how it works:

When you decide to transfer your HSA to a new provider, you'll need to initiate the transfer from your existing HSA account. Typically, you will need to fill out a transfer form provided by your new HSA provider, which will include details such as your account information and the amount you wish to transfer.

It's important to note that you can only make one rollover of your HSA funds in a 12-month period. If you exceed this limit, the additional rollover may be considered as a non-qualified distribution, subjecting it to taxes and penalties.

Yes, you can roll over your HSA (Health Savings Account) to another HSA account without incurring any taxes. The process allows you to move funds seamlessly from one HSA to another, and it's important to note that you won’t face penalties as long as you follow the prescribed method.