Does HSA Roll Over to Next Year?

Many people wonder, does HSA roll over to next year? The answer is, yes, Health Savings Accounts (HSAs) do roll over to the next year. In fact, one of the key benefits of an HSA is its portability and flexibility compared to other types of health accounts. Here's how it works:

When you contribute money to your HSA, that money rolls over from year to year, and there is no expiration date on the funds. This means you don't have to worry about 'use it or lose it' rules that apply to some other accounts. You can use the funds in your HSA whenever you need them for qualified medical expenses, both now and in the future.

Additionally, if you switch jobs or health insurance plans, your HSA goes with you. It is your account, and you are the owner of the funds, regardless of any changes in employment or coverage. This makes HSAs a valuable long-term savings tool for healthcare costs.

Yes, Health Savings Accounts (HSAs) roll over to the next year, allowing you to retain your funds indefinitely. This is one of the major advantages that set HSAs apart from traditional Flexible Spending Accounts (FSAs), which have a use-it-or-lose-it policy.