Is HSA Rolling Over for 2017?

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HSA rollover for 2017 explained

If you are wondering whether your Health Savings Account (HSA) is rolling over for 2017, the answer is yes! HSAs are designed to rollover year after year, allowing you to accumulate funds for future medical expenses.

Good news! Your Health Savings Account (HSA) does indeed rollover for 2017, and it's one of the best ways to prepare for healthcare expenses in the future. HSAs allow your money to grow unimpeded, providing you a safety net for any unexpected medical costs.

Tax advantages and key rollover details

With an HSA, you can enjoy tax advantages while saving for healthcare costs. Here are a few key points to keep in mind:

• Contributions to your HSA are tax-deductible.
• Interest and investment gains in your HSA grow tax-free.
• Funds in your HSA rollover from year to year, with no expiration.

2017 contribution limits and eligibility rules

For 2017, you can contribute up to $3,400 for an individual or $6,750 for a family into your HSA. These contributions can be made by you, your employer, or both.

It's important to note that to be eligible for an HSA, you must be covered by a High Deductible Health Plan (HDHP) and not be enrolled in Medicare. Additionally, funds from your HSA can be used for qualified medical expenses, including deductibles, co-pays, and more.