Does the money in a Health Savings Account (HSA) rollover?

One common question people have about Health Savings Accounts (HSAs) is whether the money in them can rollover. The good news is, yes, the money in an HSA can rollover from year to year. This is one of the key benefits of having an HSA, as it allows you to save and grow your healthcare funds over time. Unlike Flexible Spending Accounts (FSAs), which have a 'use it or lose it' rule, funds in an HSA are yours to keep.

When you contribute to an HSA, the money belongs to you, and you can use it for qualified medical expenses tax-free. Any funds left in the account at the end of the year will automatically rollover to the next year, continuing to grow tax-free.

Here are some key points to remember about HSA rollovers:

• Money in an HSA can rollover from year to year
• Unlike FSAs, funds in an HSA do not expire at the end of the year
• HSAs allow you to save and grow your healthcare funds over time
• Any unspent funds in your HSA will continue to grow tax-free
• You can use HSA funds for qualified medical expenses at any time

Many people are asking if the money in a Health Savings Account (HSA) can rollover, and the answer is a resounding yes! This rollover feature is what sets HSAs apart from other accounts like Flexible Spending Accounts (FSAs) where you might lose your unspent funds at the end of the year. Instead, with an HSA, your funds are preserved and can be used to address future healthcare expenses.