Do HSA Balances Roll Over to an IRA? - Understanding the Benefit of Health Savings Accounts

If you have a Health Savings Account (HSA), you may wonder if the balances in your account can roll over to an Individual Retirement Account (IRA) when needed. The good news is that HSA balances do not expire and can be carried forward year after year, giving you flexibility and peace of mind for your healthcare needs and retirement planning.

Here are some key points to consider about HSA balances and rollovers:

• HSAs are designed to help individuals save for qualified medical expenses both now and in the future.
• Unlike Flexible Spending Accounts (FSAs), HSA funds do not have a
  

  When considering options for your healthcare finances, it's important to know that Health Savings Accounts (HSAs) can be a valuable tool. These accounts allow you to save money tax-free for qualified medical expenses, and fortunately, the balances do not expire at the end of the year. This means you can carry forward your HSA funds, ensuring you’re prepared for both current and future healthcare costs.