HSA Guide
What Happens to Your HSA When You Leave the Company?
Published July 14, 2024
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Get the appShort answer: Yes—your HSA is portable and stays yours after leaving your company, allowing you to keep funds, keep contributing, and roll over remaining balances.
What happens to your HSA when leaving
When you leave a company, the fate of your HSA (Health Savings Account) may be a concern. You can take your HSA with you if you decide to leave the company, as it is a portable account that belongs to you, not your employer.
Here's what happens to your HSA when you leave the company:
- You retain ownership: Your HSA is yours to keep even after leaving the company.
- Continue to use funds: You can continue using the funds in your HSA for eligible medical expenses.
- Keep contributing: You can keep contributing to your HSA from personal funds, as long as you are enrolled in a high-deductible health plan.
- Utilize rollover funds: Any remaining balance in your HSA will rollover to the next year, there is no 'use it or lose it' rule with HSAs.
- Investment options: Depending on your HSA provider, you may have the option to invest your HSA funds for potential growth.
When you transition from one job to another, it's important to know that your HSA (Health Savings Account) is not tied to your employer. You can simply take it with you as it remains your personal asset.