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Transferring Funds from Flexible Health Accounts to HSA Savings Accounts

New rules allow transferring unused funds from Flexible Spending Accounts (FSA) or Health Reimbursement Arrangements (HRA) directly to Health Savings Accounts (HSA). This is possible when an individual enrolls in a high-deductible health plan. This change can help citizens better manage their healthcare savings.
Key points
Ability to transfer money from FSA/HRA accounts to an HSA if you start using a high-deductible health plan.
There is a limit on the amount that can be transferred, depending on the type of coverage and unused funds from the previous year.
Information about transferred funds will be shown on your W-2 tax form, simplifying tax reporting.
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Additional Information
Print number: 117_S_2113
Sponsor: Sen. Sasse, Ben [R-NE]
Process start date: 2021-06-17
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Summarized by: gemini-2.5-flash-preview-05-20
Source data: api.congress.gov
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OFFICIAL LEGAL TITLE

Qualified Health Savings Account Distribution Act of 2021

FREQUENTLY ASKED QUESTIONS

What is the official ID of this bill?

The official print number for this legislation is 117_S_2113.

Which chamber initiated this legislation?

This legislation was initiated in the Senate.

When did the legislative process begin?

The process officially started on 2021-06-17.

What are the main provisions?

Key points include:

  • Ability to transfer money from FSA/HRA accounts to an HSA if you start using a high-deductible health plan.
  • There is a limit on the amount that can be transferred, depending on the type of coverage and unused funds from the previous year.
  • Information about transferred funds will be shown on your W-2 tax form, simplifying tax reporting.
What is the specific legal status?

The current status is Expired.

Where can I read the full text of this legislation?

The full official text is available at: View full text

Who is the primary sponsor?

The primary sponsor is Sen. Sasse, Ben [R-NE].

What is the latest detailed status?

The latest detailed status is: Introduced in Senate

Is this summary verified?

Yes. This content was analyzed by AI and verified by the Lustra Judge System on 2025-12-29.

CATEGORIES

Health Taxes