I wouldn’t have such a problem with this if the government didn’t keep (steal) what remains in you HSA at the end of the year. Most people used OTC meds in December to spend down what was left in their hsa accounts.
Yes, they should let them roll year to year in case you get really sick one year. But then again, the govt does NOT like the people saving...
I don’t understand your post at all.
This is right from the IRS regs:
All deposits to an HSA become the property of the policyholder, regardless of the source of the deposit. Funds deposited but not withdrawn each year will carry over into the next year. If the policyholder ends their HSA-eligible insurance coverage, he or she loses eligibility to deposit further funds, but funds already in the HSA remain available for use.
I think you’re referring to FSAs, not HSAs.
FSAs are the “Flex Spending Plans” that includes confiscation of unused funds at the end of the year. I believe HSAs are carried over.
Mark
I used to have a FSA and at the end of the year I would used the two or three hundred dollars remaining on OTC items.
Can't do that anymore