Do HSA Rollover? Understanding the Basics of Health Savings Account

Health Savings Accounts (HSAs) have gained popularity as a way for individuals to save and pay for medical expenses tax-free. One common question that comes up is: do HSA rollover? The answer is yes, HSAs do rollover year after year, allowing you to build up a significant balance over time.

Here are some key points to understand about HSA rollovers:

• When you contribute to your HSA, the funds roll over each year and are never lost.
• You can carry over your HSA balance from year to year, unlike FSAs which have a 'use it or lose it' rule.
• There is no time limit on when you must use the funds in your HSA, making it a great long-term savings tool.

Health Savings Accounts (HSAs) are an incredible tool for those looking to manage their healthcare costs. One of the most appealing features of HSAs is that they do indeed rollover. This means every dollar you contribute has the potential to grow, and you won't lose a cent at the end of the year.