Question

If I switch jobs, and my new employer has an HSA, am I allowed to use that HSA to pay medical expenses incurred in the past (was using employer's HSA to pay)?

Forum|Forum|7 years ago
June 5, 2019
1 reply
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I have an HSA through my current employer, and have been using it to make monthly payments for a medical bill I incurred while having the HSA. If I transition to a new job with a new employer and a new HSA, can I use the new HSA to continue making payments towards my medical bill? Or is there a way to use my old HSA at the new employer?

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B

BillM223

The HSA belongs to you, not to the employer. Like an IRA, you can take it with you when you change jobs.

The employer is actually providing HDHP insurance coverage (High Deductible Health Plan), not the HSA, which is normally provided by a third-party financial institution. Yes, the employer may help you set up the HSA, but you don't have to make a new one if you already have one.

You will have to tell your employer the name of the HSA administrator (the financial institution you have been using) and the HSA account number so that they can deposit their contributions and your contribution via payroll deduction into the correct account.

Otherwise, just continue using the HSA and making payments as you have before.

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A

aj_estacionAuthor

@TurboTaxBillMc so I've communicated with my Benefits team at my new employer, and it looks like they have a different account administrator from my old HSA account, and essentially told me there's no way to transfer my old HSA to my current employer and to make contributions directly into the account. So is there a work-around to continue adding money to my old HSA so that I can continue using it to pay for past medical bills?