Does HSA Money Roll Over to a New Year?

Health Savings Accounts (HSAs) have gained popularity in recent years as a way for individuals to save money for medical expenses in a tax-advantaged manner. One common question that many people have about HSAs is whether the money in these accounts rolls over to a new year. The good news is, yes, HSA funds do roll over from year to year, making them a great way to save for future healthcare costs.

Here are some key points to know about how HSA money rollover works:

• Contributions to your HSA are not subject to expiration, so any unused funds remain in your account indefinitely.
• There is no limit to the amount of money that can roll over each year, allowing you to build up savings over time.
• Unlike Flexible Spending Accounts (FSAs), which have a
  

  One of the best features of Health Savings Accounts (HSAs) is the fact that any money you don't spend during the year in your HSA simply rolls over to the next year. This means you're not pressured to spend your savings within a specific timeframe, allowing you to accumulate a solid financial cushion for future healthcare costs.