Here's information about what to do with your HSA when changing jobs:
When you change jobs, your Health Savings Account (HSA) remains yours. It's portable and doesn't depend on your employer. You have several options:
Keep Your HSA Where It Is: You can simply leave your HSA with your current administrator (https://www.wikiwhat.page/kavramlar/keep%20hsa%20where%20it%20is). Even if you are no longer contributing, your funds continue to grow tax-free, and you can use them for qualified medical expenses. Be aware of any fees associated with the account, as your former employer may have been covering some of them.
Transfer to a New HSA Provider: You can transfer your HSA balance to a new HSA provider, potentially one with lower fees or better investment options (https://www.wikiwhat.page/kavramlar/transfer%20to%20a%20new%20hsa%20provider). This is a non-taxable event. There are two ways to move the money:
Contribute Through Your New Employer (If Available): If your new employer offers an HSA-eligible health plan, you can contribute to an HSA through their plan (https://www.wikiwhat.page/kavramlar/contribute%20through%20your%20new%20employer). You can still use the funds in your old HSA, or you can transfer the funds to your new HSA with your new employer.
Use for Qualified Medical Expenses: Regardless of what you do with the account, you can always use the funds in your HSA to pay for qualified medical expenses (https://www.wikiwhat.page/kavramlar/use%20for%20qualified%20medical%20expenses). This includes expenses for yourself, your spouse, and your dependents, even if they are not covered by your health insurance plan. Be sure to keep good records of your expenses.
Before making a decision, consider the following:
Ne Demek sitesindeki bilgiler kullanıcılar vasıtasıyla veya otomatik oluşturulmuştur. Buradaki bilgilerin doğru olduğu garanti edilmez. Düzeltilmesi gereken bilgi olduğunu düşünüyorsanız bizimle iletişime geçiniz. Her türlü görüş, destek ve önerileriniz için iletisim@nedemek.page