What Happens to Leftover HSA Funds? Understanding the Importance of Properly Managing Your HSA Balance

Health Savings Accounts (HSAs) are a valuable tool for managing healthcare expenses while enjoying tax advantages. One common question that arises for HSA account holders is, 'What happens to leftover HSA funds?'

When it comes to leftover HSA funds, there are several important things to consider:

• Unused HSA funds rollover from year to year
• HSAs are owned by the individual, so the funds stay with you even if you change jobs or retire
• There are no penalties for leaving money in your HSA at the end of the year
• Leftover HSA funds can be invested for potential growth

It's crucial to understand how to properly manage your HSA balance to make the most of this valuable healthcare savings tool. By taking control of your HSA funds, you can enjoy greater financial security when it comes to healthcare expenses.

Did you know that leftover funds in your Health Savings Account (HSA) don’t just vanish at the end of the year? In fact, these unused HSA funds can rollover, allowing you to build up a nest egg for future healthcare expenses.