Can an MSA be rolled over to an HSA? How does that affect taxes and annual limits?

A rollover is when a trustee/custodian distributes funds directly to the HSA accountholder. Individuals have 60 days to roll the funds to a new trustee/custodian to avoid tax consequences. They may make a rollover contribution of funds from another HSA/Archer MSA once during a one-year period. The rollover amount does not count towards the accountholder’s annual contribution limits.

Note: If an individual instructs the trustee of their HSA to transfer funds directly to the trustee of another HSA, the transfer is not considered a rollover. There is no limit on the number of these trustee-to-trustee transfers.

Introducing UMB HSA Saver

UMB HSA Saver is a unique investment platform designed with ease in mind. Account holders can easily research, buy and sell funds with a couple clicks.

How to Use ReceiptVault

HSAs are available to help pay for current qualified medical expenses as well as to save for future expenses, all in a tax-exempt account.

HSA FAQ Resource

Find answers to your most common HSA questions in our comprehensive HSA FAQs section.