Short answer: Yes. You can move HSA funds to another HSA using either a trustee-to-trustee transfer or a 60-day rollover, but missing the rollover deadline can make the distribution taxable.
If you have money in an HSA from a previous job or another provider, you can move those funds into your current HSA. The IRS allows this, and the transfer does not count toward your annual HSA contribution limit.
The safest method is a trustee-to-trustee transfer. In this case, the money moves directly from one HSA custodian to another without passing through your hands. These transfers are not reported as distributions and can be done multiple times.
The second option is a 60-day rollover. With this method, you withdraw the funds yourself and then redeposit them into another HSA within 60 days. You are limited to one rollover in any 12-month period, and if you miss the deadline, the amount becomes taxable and may be subject to a 20% penalty if you are under age 65.
If you still have an Archer Medical Savings Account (MSA), those funds may be rolled into an HSA. However, HSA funds cannot be rolled into an MSA.
Because of the timing rules and reporting risks, many people prefer trustee-to-trustee transfers when consolidating HSAs.
Sources
- IRS, Publication 969 – Health Savings Accounts (Transfers and Rollovers): https://www.irs.gov/forms-pubs/about-publication-969
- IRS, FAQs on Health Savings Accounts – Rollovers: https://www.irs.gov/faqs/health-savings-accounts-hsas
Content history
Originally published: March 27, 2025
Last reviewed: January 26, 2026