What Happens to My HSA If I Move Jobs and the New Company Doesn't Have One?

Changing jobs can be an exciting but also a daunting experience, especially when it comes to benefits like a Health Savings Account (HSA). If you're wondering what happens to your HSA if you move to a new company that doesn't offer one, don't worry, we've got you covered!

When you switch jobs and your new employer doesn't provide an HSA, your account does not disappear. Here's what typically happens:

- Your HSA is still yours to keep and use for eligible medical expenses.

- You can continue to contribute to your HSA on your own, even without an employer match.

- If you have funds remaining in your HSA when you leave your job, they stay in the account and continue to grow tax-free.

- You can also explore options like rolling over your HSA to a different provider that better suits your needs.

It's important to understand the implications of leaving a job with an HSA, but rest assured that your hard-earned funds are still available for your health care needs.

Changing jobs can be both thrilling and overwhelming, especially regarding benefits like a Health Savings Account (HSA). If you’re in a situation where your new employer doesn’t offer an HSA, don’t fret! Your HSA remains intact and accessible for your eligible medical expenses.