Do Funds Carry Over with an HSA Account?

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HSA funds don’t disappear after year-end

If you have a Health Savings Account (HSA), you might be wondering what happens to your funds if you don't use them all in a year. The good news is that unlike Flexible Spending Accounts (FSAs), HSA funds do carry over from year to year, so you don't lose the money you contribute.

If you have a Health Savings Account (HSA), one of the best features to appreciate is how the funds in your account don’t just disappear at the end of the year. Unlike Flexible Spending Accounts (FSAs), which often require you to use the funds within a calendar year, HSA funds roll over and can accumulate over time, giving you the freedom to plan for future healthcare needs.

Rollovers let you cover future eligible expenses

With an HSA, you can continue to use the funds in your account for eligible healthcare expenses in future years, allowing your savings to grow over time. This rollover feature makes HSAs a valuable tool for managing healthcare costs and saving for the future.

This rollover capability not only provides you with more control over your healthcare expenses but also allows your savings to potentially grow with interest. By utilizing your HSA funds wisely, you can effectively prepare for medical costs down the road.