How Long Can I Make Contributions to HSA if I Lose High Deductible?

Check eligibility on the go — browse 7,000+ HSA-eligible products in the free app.

What happens to your HSA after losing

One common concern among individuals who have a Health Savings Account (HSA) is what happens if they lose their high deductible health plan - can they still contribute to their HSA? The good news is that you do not lose your HSA if you lose your high deductible health plan. Here's what you need to know about making contributions to your HSA in such a situation.

One common concern among individuals who have a Health Savings Account (HSA) is what happens if they lose their high deductible health plan. It’s completely understandable to worry about this scenario, but here’s the good news: even if you lose your high deductible health plan, your HSA remains intact and you can still contribute to it.

When you can keep contributing to HSA

Contributions to an HSA can be made until the account holder reaches the age of 65, regardless of changes in health insurance coverage. So, even if you lose your high deductible health plan, you can still continue to save in your HSA if you meet the other eligibility criteria.

It's important to remember that eligibility requirements for contributing to an HSA include being enrolled in a high deductible health plan, not being enrolled in Medicare, and not being claimed as a dependent on someone else's tax return. As long as you meet these criteria, you can make contributions to your HSA.