One common question we hear is, “Can I cash out my Health Spending Account (HSA) or Wellness Spending Account (WSA) if I don’t use it all?”
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Unfortunately, no, the funds in your HSA or WSA cannot be cashed out if they remain unused at the end of the year. Here’s why:
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1. Purpose of Your Benefit Account

The HSA and WSA are benefits provided by your employer specifically for covering eligible expenses related to health and wellness. They are designed to support your personal well-being by helping with medical, fitness, or other wellness costs. If these funds aren’t spent on eligible expenses, they will expire at the end of the benefit year and cannot be redeemed for cash.
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2. 100% Employer-Funded

This account is entirely funded by your employer, which means you haven’t contributed any portion of your salary or personal income toward it. Since the funds are a benefit from your employer rather than a direct cash payment to you, cashing out is not an option.
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Making the Most of Your HSA/WSA

To maximize the value of your account, it’s best to review the list of eligible expenses and plan accordingly. There are numerous ways to use your funds, from covering medical treatments and prescriptions to wellness services that support your overall health.
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If you need ideas on how to get the most from your account, try reaching out to our live chat bot, Sage! Sage is here to help guide you through options and answer any questions you might have.
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Take advantage of your benefit funds—review your options, get inspired, and support your health and wellness journey!