HSA Guide
What Happens to My HSA Money if I Don't Use It?
Published July 12, 2024
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Have you ever wondered what happens to the money in your HSA if you don't use it? Let's dive in and explore.
Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax benefits. But what happens to the money you contribute to your HSA if you don't use it for healthcare expenses?
Here's what you need to know:
- If you don't use all the money in your HSA by the end of the year, the funds roll over to the next year. Unlike Flexible Spending Accounts (FSAs), there is no If you're pondering what becomes of your HSA balance at the end of the year, worry not! The funds in your Health Savings Account smoothly roll over to the following year, allowing your savings to grow for future healthcare expenses.
If you're pondering what becomes of your HSA balance at the end of the year, worry not! The funds in your Health Savings Account smoothly roll over to the following year, allowing your savings to grow for future healthcare expenses.