[{"data":1,"prerenderedAt":7},["ShallowReactive",2],{"faq-standard-9516":3},{"rec_id":4,"title":5,"text":6},"9516","What's a Health Savings Account (HSA) Rollover?","A Health Savings Account (HSA) rollover usually happens when you change jobs or want to consolidate accounts. \n\u003Cbr>\u003Cbr>\nA rollover is a tax-free distribution (withdrawal) of assets from one HSA that is reinvested in another HSA of the same account beneficiary. Generally, you must complete the rollover within 60 days after you received the distribution (which usually comes in the form of a check). This amount is reported in \u003Ci>Box 4 \u003C/i> of \u003Ci>Form 5498-SA\u003C/i>. An HSA can only receive one rollover contribution during a 1-year period.\n\u003Cbr>\u003Cbr>\nIf you don't reinvest the money into another HSA within 60 days it becomes taxable and subject to penalties. \n\u003Cbr>\u003Cbr>\nTransfers that were sent directly from one HSA to another HSA, called a trustee-to-trustee transfer, doesn't risk becoming taxable so it may not be reported on \u003Ci>Form 5498-SA\u003C/i> at all. If that's the case, you won't need to worry about reporting anything.",1777391579043]