Do Unused HSA Contributions Rollover Each Year?

One common question many people have about Health Savings Accounts (HSA) is whether unused contributions rollover each year. HSA is a tax-advantaged account that allows individuals to save money for medical expenses. Here's what you need to know about rollover of unused HSA contributions:

Unused HSA contributions do rollover each year. Unlike Flexible Spending Accounts (FSA) where funds typically don't rollover, HSA funds are yours to keep and grow over time. This is one of the key benefits of HSAs, offering you flexibility and long-term savings opportunities.

When you contribute money to your HSA, it's yours forever. Whether you use it this year, next year, or even years down the line, the funds in your HSA are always available to cover qualified medical expenses. This can provide peace of mind knowing that your healthcare savings are not use-it-or-lose-it.

One common question many people have about Health Savings Accounts (HSA) is whether unused contributions rollover each year. The answer is yes! Unused HSA contributions roll over each year, allowing you to build your savings for medical expenses over time.