Does HSA Roll Over? - Understand the basics of HSA for better financial planning

Health Savings Accounts, commonly known as HSAs, offer individuals a tax-advantaged way to save and pay for medical expenses. One common question that arises among HSA users is whether their funds roll over from year to year. The short answer is - YES, HSA funds do roll over! This is one of the key benefits that make HSAs an attractive option for healthcare savings.

Understanding how rollovers work in an HSA can help you make the most of this valuable financial tool. Here's what you need to know:

• HSA contributions are not subject to expiration dates. The money you put into your HSA account remains there until you decide to use it for qualified medical expenses.
• Unlike Flexible Spending Accounts (FSAs), which have a
  

  Health Savings Accounts (HSAs) not only allow for tax-free contributions, but they also ensure that any funds you don't use in one year can roll over to the next. This means you can save for future medical expenses without worrying about losing your savings!