What Happens to My HSA When I Switch Plans?

When you switch plans, your Health Savings Account (HSA) remains yours, regardless of the change in your healthcare coverage. Here are some key points to keep in mind:

• Your HSA funds are portable, meaning they stay with you no matter which health plan you choose.
• You can continue using the funds in your HSA for qualified medical expenses.
• If you switch to a high-deductible health plan (HDHP), you can still contribute to your HSA and enjoy the tax benefits associated with it.
• Any contributions made by your employer to your HSA will also remain available for you to use, even if you switch plans.
• Make sure to update your HSA provider with any changes in your healthcare coverage to ensure smooth transactions and record-keeping.

When you switch health plans, it's crucial to know that your Health Savings Account (HSA) travels with you. This means your savings for medical expenses are still yours to control and manage no matter where you go.