Does HSA Go Away at the End of the Year?

Many people wonder, "Does HSA go away at the end of the year?" The good news is that Health Savings Accounts (HSAs) are not like Flexible Spending Accounts (FSAs) where funds are lost at the end of the year. HSAs are a valuable savings tool that allows individuals to save pre-tax money for qualified medical expenses. Here's why an HSA does not disappear at the end of the year:

• HSAs are owned by the account holder, so the funds rollover year after year
• The money in an HSA is invested, allowing it to grow over time
• Unlike FSAs, there is no
  

  Many individuals often find themselves asking, "Does HSA go away at the end of the year?" Fortunately, with Health Savings Accounts (HSAs), the answer is a resounding no! Unlike Flexible Spending Accounts (FSAs), which operate on a 'use it or lose it' basis, HSAs are designed to be a more sustainable savings tool, allowing your funds to rollover year after year.