Does an HSA Account Expire? - Everything You Need to Know

Many people wonder if their HSA (Health Savings Account) expires, as it's a valuable tool for managing healthcare expenses. The good news is that unlike FSAs (Flexible Spending Accounts), HSAs do not have an expiration date. Your HSA funds roll over from year to year, allowing you to use them whenever you need them for qualified medical expenses.

So, whether you contribute to your HSA through your employer or on your own, you can rest assured that your HSA account will not expire as long as you follow the guidelines set by the IRS. It's your money, and it stays with you for as long as you need it.

Here are some key points to remember about HSA expiration:

• HSAs do not expire, unlike FSAs that may have a
  

  When it comes to planning for healthcare costs, figuring out whether your HSA (Health Savings Account) expires is a common concern. The reassuring truth is that HSAs do not expire; they allow your funds to roll over year after year, unlike Flexible Spending Accounts (FSAs) which often come with a 'use it or lose it' policy. This means any money you contribute to your HSA remains yours to use for qualified medical expenses whenever you need it.