Do HSAs Rollover Every Year? A Guide to HSA Rollover Rules

If you have a Health Savings Account (HSA) or are considering opening one, you may be wondering, 'Does an HSA rollover every year?' The short answer is yes! HSAs offer a great way to save for medical expenses, with the added benefit of rollover from year to year.

Here's how it works: funds in your HSA account are yours to keep, and any unused money rolls over at the end of the year, unlike a Flexible Spending Account (FSA) where funds typically expire at the end of the plan year. This rollover feature allows you to accumulate savings in your HSA over time.

But there are some important things to keep in mind:

• There is no deadline to use the funds in your HSA - you can keep them for as long as you like.
• Contributions to an HSA are tax-deductible, and withdrawals for qualified medical expenses are tax-free.
• Rolling over funds from year to year can help you build a substantial healthcare nest egg for the future.

So, if you're looking for a tax-advantaged way to save for healthcare costs and enjoy the benefit of rollover year after year, an HSA might be the right choice for you.

Have you heard about Health Savings Accounts (HSAs) and wondered, 'Do HSAs rollover every year?' Well, the answer is a resounding yes! One of the most appealing features of an HSA is that any unused funds roll over from year to year, allowing you to build up savings for future medical expenses.