HSA Insurance questions

[CigarNut]

Originally Posted by pnoon

It's a use it or lose it setup.

Not quite true. There are two kinds of HSA accounts. The most common is a use-it-or-lose-it account but there is a second kind of HSA that your employer can make available where you can carry the funds over year-to-year. The account is yours and not your employer's so if you leave your employer you still have the account and can use it for medical expenses.

My employer offers both and my wife and I use both. The most unforuntate thing about this is that both are called "HSA" which makes things very confusing. There are some additional rules regarding the use of this second type of HSA account which I do not have in front of me...