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If, in the future, I decide to change from the Savings Plan to the SHP Standard Plan or an HMO, may I continue to use my Health Savings Account?

April 26, 2017Continue decide future Health hmo Plan savings savings account shp standard

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If, in the future, I decide to change from the Savings Plan to the SHP Standard Plan or an HMO, may I continue to use my Health Savings Account?

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A. Yes. If you change to another health plan, you can continue to use the funds you have accrued in your HSA to pay qualified medical expenses. However, you will no longer be able to contribute to your HSA, unless you are changing to another high deductible health plan.