What is the rollover policy for unused funds in my Health Savings Account?
The rollover policy for unused funds in your Health Savings Account (HSA) with WageWorks is quite generous. Any remaining balance in your HSA at the end of the plan year will automatically roll over to the following year, allowing you to continue using those funds for eligible healthcare expenses. Unlike many other accounts, there is no limit or cap on the amount that can be rolled over. This means you can accumulate funds in your HSA over time, ensuring that you have sufficient savings to cover future healthcare costs. It is worth noting that the rollover feature applies as long as you remain enrolled in an HSA-qualified High Deductible Health Plan. So, you can have peace of mind knowing that your HSA funds won't be forfeited at the end of the year and can be used whenever you need them.
Answered Nov 1, 2023
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