How Much Can I Carry Over in My HSA?

Have you ever wondered how much you can carry over in your Health Savings Account (HSA)?

Well, the good news is that unlike flexible spending accounts (FSAs), the funds in an HSA don't have to be used by the end of the year. Instead, any money left in your HSA at the end of the year will roll over to the next year, and it's yours to keep.

So, how much can you actually carry over in your HSA?

The amount you can carry over in your HSA is unlimited. There is no annual limit on the amount of unused funds that can roll over to the next year. This means that you can continue to accumulate savings in your HSA over time without fear of losing any money.

It's important to note that HSAs are meant for long-term savings for healthcare expenses, so being able to carry over funds from year to year is a valuable benefit.

Benefits of Carrying Over Funds in Your HSA:

• Ability to save for future medical expenses
• Funds can be used for qualified medical expenses tax-free
• No pressure to spend the money within a certain timeframe
• Opportunity to grow your savings over time

Remember, the money in your HSA is always yours, and it's a valuable resource for managing healthcare costs both now and in the future.

Ever wondered about the advantages of carrying over funds in your Health Savings Account (HSA)? You’re not alone! HSAs offer a unique feature where your unused funds can roll over to the following year without any limits, unlike flexible spending accounts (FSAs), where you might lose the money if not used by year-end.