How Often Can I Roll One HSA to Another?

Rolling over an HSA to another account can be a convenient way to manage your healthcare savings. But how often can you transfer funds from one HSA to another?

According to IRS guidelines, you are allowed to roll over your HSA once per year. This means you can only perform one rollover in a 12-month period.

It's important to note that this applies to the entire balance of your HSA, not just a portion of it. So make sure to plan your rollovers carefully to avoid any penalties or complications.

If you have multiple HSAs and are considering consolidating them into one account, transferring the funds directly between the accounts is the best way to do so. This direct trustee-to-trustee transfer ensures that the funds maintain their tax-advantaged status.

Rolling over an HSA to another is a great way to streamline your healthcare savings and make the most out of your funds. But remember, you can only roll over your HSA once every 12 months, according to IRS rules.