Can You Carry Over HSA from One Job to Next?

One common question that arises when considering a Health Savings Account (HSA) is whether you can carry it over from one job to the next. The good news is that, unlike a Flexible Spending Account (FSA), your HSA is completely portable and belongs to you, not your employer.

Here are some important points to consider:

• Your HSA is owned by you, not your employer. This means you can take it with you when you change jobs or retire.
• You can continue to contribute to your HSA even if you change employers, as long as you are covered by a high-deductible health plan (HDHP).
• Any funds in your HSA remain in the account and rollover from year to year, with no expiration date.

It's essential to take advantage of the portability and tax advantages of an HSA. By contributing to your account regularly and allowing it to grow over time, you can build up significant savings to cover medical expenses now and in the future.

One of the great benefits of a Health Savings Account (HSA) is its portability. Unlike a Flexible Spending Account (FSA), your HSA is yours to keep, regardless of what job you have. That means if you change jobs, your HSA travels with you.