Can You Keep an HSA After You Change Jobs?

Many individuals often wonder what happens to their Health Savings Account (HSA) when they change jobs. The good news is that an HSA is yours to keep, regardless of changes in employment. Here's a more detailed look at what happens to your HSA when you switch jobs:

When you leave your job, you have several options for managing your HSA:

• You can leave the funds in your existing HSA account and continue using it for qualified medical expenses.
• You can also transfer the HSA to a new provider to manage the account for you.
• Another option is to roll over the funds into a new HSA account if your new employer offers one.

It's essential to understand that your HSA belongs to you, and the funds are always available for eligible medical expenses, even if you change jobs. By maintaining your HSA, you can continue to save for future healthcare costs tax-free.

Keep in mind that there are specific rules and regulations governing HSAs, so it's crucial to stay informed and make the best decisions for your financial health.

If you’re leaving your job, you may have questions about your Health Savings Account (HSA). Fortunately, your HSA is like a personal piece of financial luggage that you can carry with you wherever you go. No job change can take that away from you! When you switch jobs, your HSA options remain open and flexible, ensuring that you don't miss out on saving for healthcare costs.