Can I Carry Over HSA Funds from Year to Year? Understanding HSA Rollover Rules

Health Savings Accounts (HSAs) are a valuable tool for managing healthcare expenses while saving money on taxes. One common question that individuals have about HSAs is whether they can carry over funds from year to year. The answer to this question is both yes and no, depending on the type of HSA you have and certain rules that apply.

HSAs are designed to be a long-term savings vehicle for medical expenses, so it's important to understand the rollover rules to maximize the benefits of your account. Here's what you need to know about carrying over HSA funds:

• HSAs do have a rollover feature, but the specifics vary depending on the account type and financial institution.
• Some HSAs allow you to carry over unused funds from year to year, while others may have a
  

  One of the most appealing aspects of Health Savings Accounts (HSAs) is their ability to allow funds to roll over from year to year, providing you with flexibility in managing your medical expenses. However, it’s crucial to understand that not all HSAs operate the same way when it comes to rollover policies.