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What are the rules regarding rollovers and transfers of HSAs?

April 26, 2017HSAs rollovers rules transfers

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What are the rules regarding rollovers and transfers of HSAs?

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You may withdraw any portion or all of the funds from one HSA or Archer Medical Savings Account (MSA) and roll them to an HSA account with another custodian or trustee. However, you are required to roll the funds into a new HSA within 60 calendar days of your receipt of the funds. Another rule provides that you are only allowed to make one HSA rollover in a 12-month period. The 12-month period begins on the date you receive the distribution, not on the date you roll it to another HSA. In addition, you may transfer your Archer MSA or HSA funds directly from one HSA custodian or trustee to another without ever having direct control or custody of the funds. Rollover and transfer contributions are not deductible and do not count against the annual contribution limits.