What Happens When I Stop Using My Quest HSA?

When you stop using your Quest HSA, there are a few important things to consider. Your Health Savings Account is a valuable financial tool that offers tax benefits and helps you save for medical expenses. If you decide to stop using your HSA, here's what you need to know:

1. Unused funds in your HSA are still yours to use for eligible medical expenses, even if you are no longer contributing to the account.

2. You can continue to use your HSA to pay for qualified medical expenses tax-free.

3. You may also be able to invest the funds in your HSA for potential growth, even if you're not actively contributing.

4. If you switch to a different health insurance plan that is not HSA-eligible, you can no longer make contributions to your HSA but can still use the existing funds for medical expenses.

5. It's important to review the terms of your HSA provider regarding any account maintenance fees or restrictions when not actively contributing.

Overall, your HSA can still be a valuable resource for covering medical expenses, even if you decide to stop contributing to it regularly.

When you choose to stop using your Quest HSA, it's essential to recognize that your accumulated funds remain accessible for future eligible medical expenses, even if you pause your contributions.