Will My SelectHealth HSA Roll Over? - Understanding HSA Rollover

Health Savings Accounts (HSAs) are a valuable tool for managing healthcare expenses and saving for the future. If you have a SelectHealth HSA, you may be wondering whether your funds will roll over from year to year.

One of the key benefits of an HSA is that the funds are yours to keep, even if you change jobs or health plans. This means that your SelectHealth HSA balance will roll over from year to year, allowing you to continue saving and using the funds for qualified medical expenses.

It's important to note that there are some limitations to HSA rollovers:

• There is no use-it-or-lose-it rule with HSAs, so your funds will not expire at the end of the year.
• Any contributions made to your HSA roll over automatically, and you can continue to make contributions year after year.
• If you change health plans or employment, your HSA balance will stay with you, and you can still use the funds for qualified medical expenses.
• Interest earned on your HSA balance also rolls over, allowing your savings to grow over time.

Overall, having a SelectHealth HSA provides you with the flexibility and security of knowing that your funds will roll over and remain available for your healthcare needs now and in the future.

Wondering about whether your SelectHealth HSA will roll over? The good news is that your Health Savings Account is a powerful financial tool, and the funds in it will indeed roll over every year, so you can keep saving for your healthcare needs.