Can You Keep an HSA If You Don't Work for the Company Anymore?

Health Savings Accounts (HSAs) are popular tools to save money for medical expenses while enjoying tax benefits. One common question many people have is whether they can keep an HSA if they no longer work for the company that offered it.

The good news is that yes, you can keep your HSA even if you change jobs or are no longer employed with the company that provided the HSA. Here are some important points to consider:

• Your HSA is yours to keep: Unlike Flexible Spending Accounts (FSAs), HSAs are owned by the individual, not the employer. This means that the account remains yours even if you leave your job.
• You can still use the funds: The money in your HSA stays with you and can continue to be used for qualified medical expenses, regardless of your employment status.
• You can continue to contribute: If you are enrolled in a high-deductible health plan (HDHP) and meet the eligibility requirements, you can continue to contribute to your HSA, even if you change jobs.
• Rollover of funds: Any funds in your HSA remain in the account and can be rolled over from year to year. There is no
  

  Health Savings Accounts (HSAs) are a fantastic option to help you save for medical expenses, even after you leave a job. Understanding the intricacies of HSAs can empower you to manage your healthcare costs more effectively.