What Happens to My HSA When I Change Jobs? - Understanding the Impact of Job Changes on Your Health Savings Account

One common concern many people have when changing jobs is what happens to their Health Savings Account (HSA). An HSA is a valuable tool that allows individuals to save money tax-free for medical expenses. It is important to understand how changing jobs can affect your HSA and what steps you should take to ensure you can continue to access and use your funds.

When changing jobs, here's what typically happens to your HSA:

  • If you are moving to a new employer who also offers an HSA, you can usually rollover your existing HSA funds to the new account.
  • If your new employer does not offer an HSA, you can keep your existing account open and continue to use the funds for eligible medical expenses.
  • If you decide to close your HSA, you can still use the funds for eligible expenses, but you may be subject to taxes and penalties on any non-qualified withdrawals.

It's essential to be aware of the following key points:

  • Understanding the impact on your contributions and employer contributions.
  • Knowing the tax implications of withdrawing funds from your HSA.
  • Being aware of any fees associated with your HSA account.

Ultimately, your HSA belongs to you, so it's essential to make informed decisions when changing jobs to ensure you can continue to benefit from this valuable savings tool.


When navigating a job change, it’s natural to be curious about your Health Savings Account (HSA). A Health Savings Account is an incredible financial tool that not only helps you save for medical expenses tax-free but is also portable. Here are the key insights regarding HSA ownership during a job transition:

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