What Happens to HSA Funds When Employer Discontinues Plan?

If your employer discontinues the HSA plan, the funds in your HSA are still yours to keep. Here's what happens to your HSA funds when the employer discontinues the plan:

• The HSA account remains yours
• You can keep using the funds for eligible medical expenses
• You can continue to contribute to the HSA from your personal funds
• You can transfer the HSA to a different provider

It's essential to be aware of your options to ensure you can continue to manage and utilize your HSA funds effectively.

Even if your employer decides to discontinue the HSA plan, rest assured that the funds in your HSA remain completely yours. This means you can continue to:

• Access and use your HSA funds for any eligible medical expenses that arise, regardless of your employment status.
• Make personal contributions to the HSA to maximize your savings for healthcare costs.
• Transfer your HSA account to a different financial institution if you prefer more favorable terms or services.

Remember, understanding these options allows you to maintain financial control over your healthcare expenses.