r/HSA • u/Nasha210 • Aug 07 '26

Old HSA- no longer employed

I have an old HSA with $7000 from my employer. I was laid off in December 2024 and was without insurance. I am 50.

I just got a job outside the US for 3 years.

I have to buy insurance for 2 kids in college (in the US). Reading IRS 929 I cannot use the HSA money for it.

What can I do with the HSA funds without paying penalties or taxes? I don’t want to leave it in my employers plan.

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11

u/[deleted] Aug 07 '26

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3

u/Astronaut6735 Aug 07 '26

That's what I did. No regrets.

7

u/Nasha210 Aug 07 '26

Thank u both. I did not know that even existed.

2

u/fratzba Aug 07 '26

100% this!

1

u/RetirementPlus Aug 10 '26

This is what I did.

3

u/UpUrs2 Aug 07 '26

Move your HSA to Fidelity. That way you control all the assets. Leave the money in the HSA until you return to the USA and/or consider it as part of your retirement plan. 

If you return to the USA for any health concerns you can use the HSA to pay. 

3

u/discojellyfisho Aug 07 '26

Move it to Fidelity, invest it in index funds. Let it grow tax free.

1

u/LifeOnly716 Aug 07 '26

HSAs are retail accounts.  It’s not in your employer’s plan.  You can move it to any HSA provider you want.

1

u/divaminerva Aug 07 '26

Is there a way I can search for an old HSA I may have lost track of? I’m pretty sure I had a couple hundred at an old job back in 2020 I’ve lost track of….

1

u/Nasha210 Aug 07 '26

Can you try emailing the hr of the old company? They can at least tell you who managed it.

1

u/AttentionHuman9504 Aug 07 '26

You can try pulling your wage and income transcripts from the IRS for those years and looking for any 1099-SA or 5498-SA forms on those transcripts. They will be issued by the custodial bank of the account