What happens to HSA funds if unused?
Funds accumulated within a Health Savings Account (HSA) do not expire at the end of the calendar year, setting them apart from flexible spending accounts. Unused money rolls over automatically year after year, compounding its value over time. Once your account balance surpasses a specific threshold established by the financial custodian, you can invest those unused funds into mutual funds, stocks, or bonds to accelerate long-term growth. When you eventually reach age 65, withdrawals for non-medical expenses become penalty-free, though they are subject to ordinary income taxes, while qualified medical withdrawals remain entirely tax-free for the rest of your life.
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