HSA Guide
Does the funds from a HSA roll over to next year?
Published June 22, 2023
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Get the appHSA rollovers versus flexible spending accounts
If you're considering opening a Health Savings Account (HSA) to save for medical expenses, one of the questions you might have is whether the funds in your HSA roll over to the next year. The short answer is yes, the funds in your HSA roll over from year to year, unlike a Flexible Spending Account (FSA) where you may lose the money if not used by the end of the year.
HSA rollover key points and ownership
Here are some key points to consider about HSA rollovers:
- HSAs are designed to be long-term savings accounts specifically for healthcare expenses.
- The money in your HSA belongs to you, and it is not Wondering whether the funds in your Health Savings Account (HSA) roll over? The great news is that they absolutely do! This means your savings for medical expenses can stack up year after year, providing you with a financial cushion when you need it most.
Reassurance about HSA rollovers and benefits
Wondering whether the funds in your Health Savings Account (HSA) roll over? The great news is that they absolutely do! This means your savings for medical expenses can stack up year after year, providing you with a financial cushion when you need it most.