Asked anonymously

If you have an Health Spending Account health insurance plan through your employer, if you leave that employer, can you continue to fund the HSA?

...to the maximum amount allowable to the IRS for that year? Or do you have to fund up the max before leaving your company? Can you send HSA a check to bypass sudden increase in payroll deduction which would raise questions?

Report Question Report

  Leave Answer

Log in or sign up with email
By submitting you agree to our Terms of Service

  Answers  |  1

February 15, 2016

Hi, Anonymous, your question is a good one. HSAs are pre-tax deductions by your employer, so leaving your employer stops that deduction. However, the account/balance is yours and is portable. Portable to another "qualified" plan. As for you continuing to fund the HSA account out of your own pocket- no can do. Go to IRS.GOV and look up publication 969 for more details.

Good luck!
Darius

$commenter.renderDisplayableName() | 01.21.17 @ 21:56

{comment}

  Our Professionals Are Available to Help!

  Can't find What You're Looking For?