Can You Roll an HSA into an ABLE Plan?

Health Savings Accounts (HSAs) and Achieving a Better Life Experience (ABLE) accounts are both valuable tools for managing healthcare and disability-related expenses. While they serve different purposes, individuals may wonder if they can roll funds from an HSA into an ABLE account.

Unfortunately, the IRS does not currently allow direct rollovers from an HSA into an ABLE account. Each account has specific rules and limitations, and they are not designed to be interchangeable with one another. However, there are alternative strategies that individuals can consider in certain situations.

For individuals with disabilities who have both an HSA and an ABLE account, understanding how to leverage these accounts effectively can maximize their benefits. Consulting with a financial advisor or tax professional can provide personalized guidance based on individual circumstances.

Health Savings Accounts (HSAs) and Achieving a Better Life Experience (ABLE) accounts are powerful financial tools aimed at addressing different aspects of health and disability-related costs. While individuals may be curious about transferring funds between an HSA and an ABLE account, it’s important to note that the IRS does not permit such rollovers.