Does My HSA Expire After Termination From a Job?

One of the common questions among individuals who have Health Savings Accounts (HSAs) is whether the account expires after termination from a job. The good news is that your HSA does not expire when you leave your job. Here's why:

When you have an HSA, it belongs to you, not your employer. This means that even if you change jobs or lose your job, your HSA stays with you. You can continue to use the funds in your HSA for qualified medical expenses, regardless of your employment status.

Here are a few key points to consider:

• Your HSA is portable and belongs to you, not your employer.
• You can keep and use the funds in your HSA even after leaving your job.
• You can continue to make contributions to your HSA if you are enrolled in a high-deductible health plan.

It's important to note that if you are no longer enrolled in a high-deductible health plan, you cannot make contributions to your HSA. However, you can still use the funds in your HSA for eligible medical expenses.

When you leave your job, it's common to worry about your Health Savings Account (HSA) and its future. Fortunately, your HSA is designed to follow you, which means it does not expire upon termination from a job. It remains under your control and can be used for qualified medical expenses.