Do You Get to Keep Your HSA If You Change Jobs?

When it comes to Health Savings Accounts (HSAs), many people wonder if they get to keep their HSA funds if they change jobs. The good news is that yes, you do get to keep your HSA when changing jobs. This is one of the key advantages of an HSA and provides flexibility and control over your healthcare savings.

Here are some important points to consider:

• HSAs are owned by the individual - not the employer. This means that you own the funds in your HSA, and they are not tied to your employer.
• When you change jobs, your HSA goes with you. You can continue to use the funds in your HSA for eligible medical expenses, even if you switch to a new employer or become self-employed.
• You can also keep contributing to your HSA. If you change jobs, you can still contribute to your HSA as long as you are enrolled in a high-deductible health plan (HDHP).
• HSAs are portable and do not expire. There is no time limit on when you can use the funds in your HSA, so you can use them for current or future medical expenses.
• It's important to note that if you change jobs and no longer have an HDHP, you can no longer contribute to your HSA, but you can still use the existing funds for medical expenses.

Having an HSA provides financial security and peace of mind knowing that your healthcare savings are yours to keep, regardless of your employment status. So, if you're considering changing jobs, rest assured that your HSA will stay with you.

If you're changing jobs, you might be wondering about your Health Savings Account (HSA). The great news is that HSAs are not tied to your employer, which means when you switch jobs, your HSA remains with you, offering you the freedom to manage your healthcare costs independently.