State Savings Bank
State Savings Bank
FDIC-Insured - Backed by the full faith and credit of the U.S. Government
State Savings Bank
FDIC-Insured - Backed by the full faith and credit of the U.S. Government

What Happens to my HSA if I Die?

The tax rules regarding your Health Savings Account (HSA) can vary based on whether you have named a beneficiary and your relationship with that person. If your beneficiary is your spouse, the account is typically treated as your spouse's HSA after your death, allowing them to continue using the funds tax-free. However, if the beneficiary is someone other than your spouse, the HSA is usually closed, and the beneficiary will be subject to taxes on the funds. For detailed guidance tailored to your situation, it’s best to consult your high deductible health plan (HDHP) provider or a tax or legal professional. Understanding these rules can help you make informed decisions about your HSA and ensure your assets are handled according to your wishes.

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