topic HSA in Deductions & credits

HSA

karynreno — Sun, 13 Apr 2025 22:35:51 GMT

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 ?

Re: HSA

DawnC — Sun, 13 Apr 2025 22:41:12 GMT

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.