What Happens to Employee Contributions to HSA When You Change Jobs?

When changing jobs, the employee contributions to a Health Savings Account (HSA) remain the property of the employee; they are portable and can be taken along to the new job. Here's what happens to your HSA contributions:

Continued Ownership:

Your contributions to the HSA are yours to keep even when changing jobs.

Portability:

You can continue using the funds in your HSA for qualified medical expenses at any time, regardless of employment status or change of job.

Employer Contributions:

Employer contributions to the HSA may have different rules depending on the company policy. It's essential to review the plan documents to understand how employer contributions are affected.

Options:

• Leave the HSA funds invested and continue to grow tax-free.
• Rollover the HSA funds to a new employer's HSA account, if allowed by the new employer.
• Transfer the HSA funds to a personal HSA account.

Changing jobs should not impact the accessibility or ownership of your HSA funds as they belong to you, providing a valuable financial safety net for future medical expenses.

When you change jobs, your Health Savings Account (HSA) contributions do not vanish; they stay with you as they are yours to control and benefit from.