Customization is a key part of building the right plan for your client. With myHSA, Advisors can tailor how unused funds or prior-year claims are handled to meet their clients' needs by choosing from the carryover options in the plan design.
Plan Design Page
On the Plan Design page in the Carryover section, you’ll see a drop-down where you can select Yes or No to allow carryover. Selecting No means no carryover type will be allowed:
If Yes is selected, in the next dropdown menu you can select the carryover type:
Below is a quick overview of how each carryover type works and what to consider when choosing the right fit for your client's plan.
Carryover Types
Balance Carryover allows unused employee balances to roll over into the next benefit year. Any remaining funds at renewal are added to the employee’s new yearly allocation, giving them an extra year to use up those dollars. It’s important to note that this is limited to a one-year period—unused balances can’t carry forward beyond that.
With Expense Carryover, employees can use new-year funds to settle eligible claims dated in the previous year. For example, an employee can submit a 2024 claim at any time during the 2025 benefit year, and the claim will draw from their current balance. This provides flexibility for employees who may have submitted claims later or didn’t have enough balance at year-end.
Important Notes
Only one carryover type can be applied on a plan. Balance Carryover and Expense Carryover cannot be applied together, as CRA rules do not allow both to operate simultaneously.
Additionally, plans cannot switch back and forth between carryover types from year to year solely based on the needs of that specific year—doing so would remove the required element of risk that must exist within all HSA plans.
Questions about carryover options? Reach out to our Support team at support@getmyhsa.com