topic What happens to unused funds in a HSA account in the following year if you don't elect a HDHP in the new year? Can you still use the funds to cover medical expenses? in Deductions & credits

What happens to unused funds in a HSA account in the following year if you don't elect a HDHP in the new year? Can you still use the funds to cover medical expenses?

nedpucek — Mon, 09 Nov 2020 16:23:52 GMT

Re: What happens to unused funds in a HSA account in the following year if you don't elect a HDHP in the new year? Can you still use the funds to cover medical expenses?

Bsch4477 — Mon, 09 Nov 2020 16:31:46 GMT

Yes you can. But you can’t contribute to the HSA any longer.

Re: What happens to unused funds in a HSA account in the following year if you don't elect a HDHP in the new year? Can you still use the funds to cover medical expenses?

Opus 17 — Mon, 09 Nov 2020 16:59:32 GMT

You may use HSA funds to pay for qualified medical expenses for yourself, your spouse, and your dependents, even if you are no longer eligible to make contributions.