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HSA is spend it or lose it.
by thekingofh 7y ago
HSA is spend it or lose it.
- hawaiianbrah 7y agoYou’re thinking of FSAs
- goobynight 7y agoNonono. That's an FSA. You can hold on to your HSA indefinitely and withdraw for medical reimbursement at any time (decades later).
- wyldfire 7y agoYou're mistaken, but it's an easy mistake to make. There's an alphabet soup of FSA/LPFSA/HSA/DCFSA options. An HSA is truly your own savings account, owned by you (just like any other savings account), regardless of where contributions come from.
- lliamander 7y agoActually, that would an FSA. You can hold onto HSAs.