What Happens If You Lose HSA Eligibility?

Some people worry that they will lose the money in their health savings account if they ever lose their HSA-qualified high-deductible health plan.

Your HSA Belongs to You

Well, remember, the money in your health savings account belongs to you, the account holder.
It’s your money to keep and continue to use regardless of the type of health coverage you have.

Eligibility and Contributions

  • If you have an HSA-qualified high-deductible health plan, then you can contribute to the health savings account.

  • If you ever become ineligible, either because you lose your job or because your employer switches to a non-HSA-qualified plan, you can continue to spend the funds in your HSA.

  • You just can’t make any additional deposits.

Regaining Eligibility

If you do once again become HSA-eligible, then you can resume your HSA contributions.