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Level 1
April 13, 2025
Solved

HSA

I have an HSA, but no longer have an HDHP. Am I allowed to open a new account (with more favorable interest rates) and transfer existing HSA funds into the new account ?

DawnC
DawnCAnswer
Employee Tax Expert
April 13, 2025

Yes, you can move your HSA to a new or different custodian.   You just can't make any contributions to your HSA.   You can take distributions, but can't make contributions unless you are enrolled in an HDHP.  

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1 reply

DawnC
Employee Tax Expert
DawnCEmployee Tax ExpertAnswer
Employee Tax Expert
April 13, 2025

Yes, you can move your HSA to a new or different custodian.   You just can't make any contributions to your HSA.   You can take distributions, but can't make contributions unless you are enrolled in an HDHP.  

**Say "Thanks" by clicking the thumb icon in a post. **Mark the post that answers your question by clicking on "Mark as Best Answer"