What Happens to Unused HSA Funds at Year's End?
As 2022 draws to a close, you may have unspent money in your health savings account (HSA). An HSA is a savings and investment account that you use to pay for healthcare in conjunction with a high-deductible health plan. But what if your medical expenses were relatively low this year? You may have contributed more than you needed for 2022.
If you're worried about that money going to waste, relax. Here's why you don't need to go on a shopping spree for HSA-eligible expenses before the year ends.
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Source Fool.com
