Does a Health Savings Account (HSA) Expire? Key Facts You Should Know
Discover whether your Health Savings Account (HSA) expires and how your funds remain available indefinitely for qualified medical expenses.
Video transcript
No, an HSA (Health Savings Account) does not expire. The funds in an HSA remain available indefinitely, allowing you to accumulate savings over time. You can use the money for qualified medical expenses whenever you need it, even if you're no longer contributing to the account.
Questions and answers
Can I keep my HSA funds if I stop contributing?
Yes, you can keep and use your HSA funds indefinitely even if you stop making contributions.
What expenses can I pay for with my HSA?
You can use your HSA funds for qualified medical expenses such as doctor visits, prescriptions, and certain medical supplies.
Does an HSA lose money if not used?
No, the money in an HSA does not expire and stays available for future qualified medical expenses.
Related questions
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