Does Your HSA Rollover? A Guide to Understanding HSA Rollover Process

Have you ever wondered if your HSA rollover? Health Savings Accounts (HSAs) are a valuable financial tool that can help you save for your medical expenses tax-free. One common question many people have about HSAs is whether the funds rollover from year to year.

The good news is, yes, your HSA does rollover! Unlike Flexible Spending Accounts (FSAs), which have a 'use it or lose it' rule, the funds in your HSA roll over from year to year. This means that the money you contribute to your HSA stays in the account and continues to grow over time. There are a few key points to keep in mind when it comes to HSA rollovers:

• Contributions: The contributions you make to your HSA, whether from your employer or personal contributions, remain in your account and can be rolled over each year.
• Unused funds: Any unused funds in your HSA at the end of the year will carry over to the next year, allowing you to continue saving for future medical expenses.
• No expiration: Unlike some other accounts, there is no expiration date on the funds in your HSA. You can keep building your savings year after year.
• Investment growth: The money in your HSA can be invested, allowing it to grow over time and potentially increase your savings for healthcare costs down the road.

Understanding how your HSA rollover works can help you make the most of this valuable financial tool. By taking advantage of the rollover feature, you can continue to save for future medical expenses and grow your healthcare savings over time.

Curious about how Health Savings Accounts (HSAs) can work for you? One of the perks of having an HSA is the ability for funds to rollover every year, ensuring your contributions and any unused money remain available for future healthcare needs.