What Happens to HSA Funds at End of Year?

At the end of the year, HSA funds do not expire. Unlike FSA (Flexible Spending Account) funds, which usually have a 'use it or lose it' policy, HSA funds roll over from year to year, allowing you to build savings for future medical expenses.

When you contribute to an HSA, the money is yours to keep indefinitely, even if you change jobs or health plans. This makes HSAs a valuable tool for saving and investing in your healthcare needs over the long term.

It's important to note that while the funds in your HSA do not have an expiration date, there are rules and regulations regarding how you can use them. Typically, HSA funds can be used for qualified medical expenses, including prescription medications, doctor's visits, and even some over-the-counter items.

Did you know that HSA funds offer an incredible advantage at the end of the year? Unlike Flexible Spending Accounts (FSA), which often come with a 'use it or lose it' rule, your HSA funds remain intact and can roll over indefinitely to help you save for future medical expenses.