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 RecepitVault

How to Use ReceiptVault

Easily track and manage your healthcare receipts using ReceiptVault.

HSA FAQ Resource

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