Does a HSA Roll Over? All You Need to Know About Health Savings Account Rollover

Health Savings Accounts (HSAs) are a popular way to save for medical expenses while enjoying tax benefits. One common question that arises is whether an HSA account rolls over from year to year.

The good news is that HSAs do indeed roll over, unlike Flexible Spending Accounts (FSAs) which have a 'use it or lose it' rule. This rollover feature allows you to save for future medical expenses without the fear of losing your hard-earned money.

Here are some key points to understand how HSA rollovers work:

• Unused funds in your HSA account carry over from year to year
• There is no time limit for using funds in your HSA account
• You can invest your HSA funds for potential growth over time
• HSAs are portable, meaning you can take it with you if you change jobs or health plans

So, rest assured that your HSA funds are safe and will continue to grow year after year. Take advantage of this valuable savings tool to secure your financial health in the long run.

Health Savings Accounts (HSAs) are a smart and proactive way to prepare for future medical needs with added tax benefits that can help you in the long run. One frequently asked question is: do HSAs roll over each year? The answer is a resounding yes!