Are rollover contributions to HSAs permitted?

Rollover contributions from MSAs and other HSAs into an HSA are permitted and limited to one rollover annually. In a rollover, the accountholder has direct control (custody) of their funds and has 60 days to roll the funds over into an HSA in order to avoid taxes and a penalty. Rollover contributions are not subject to the annual contribution limits. The IRS also allows a one time (per lifetime) qualified funding distribution from a traditional or Roth IRA to an HSA. Sometimes people refer to this as a rollover, but it is not. It is a trustee-to-trustee transfer where the accountholder never has custody of the funds.

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.