Does HSA Savings Carry Over? Understanding the Basics of Health Savings Accounts

Health Savings Accounts (HSAs) are becoming increasingly popular as a way for individuals to save money for medical expenses while enjoying tax benefits. One common question that arises is whether HSA savings carry over from year to year.

The short answer is yes, HSA savings do not expire at the end of the year. This is one of the key advantages of HSAs, as it allows account holders to build up a significant balance over time to cover future medical costs.

Here are some key points to consider about HSA savings carry over:

• HSA funds roll over from year to year, unlike Flexible Spending Accounts (FSAs) which have a
  

  Health Savings Accounts (HSAs) allow you to save money specifically for medical expenses, and one of their significant perks is that HSA savings indeed carry over from year to year.