Using an HSA Account When Between Jobs

Many individuals wonder whether they can continue using their HSA account when they are between jobs. The good news is, you can still use your HSA during this period as long as you have an active HSA account and are enrolled in a high-deductible health plan (HDHP).

When you are between jobs, here are some key points to consider about using your HSA account:

• You can continue to use the funds in your HSA account for qualified medical expenses even when you are not actively employed.
• If you are no longer enrolled in an HDHP after leaving your job, you can still use the existing balance in your HSA for medical expenses, but you cannot make new contributions until you are enrolled in an HDHP again.
• It's important to keep track of your HSA funds and expenses during this period to ensure you are using them appropriately and in accordance with IRS guidelines.
• If you start a new job with an HDHP, you can resume making contributions to your HSA account and continue using it for medical expenses.
• Using an HSA account when between jobs provides a valuable financial resource for managing healthcare costs and offers flexibility during transitional periods in employment.

Wondering about the use of your HSA when you're in between jobs? You're in luck! You can access and utilize the funds in your HSA account as long as it remains active and you’re currently enrolled in a high-deductible health plan (HDHP).