What happens to my HSA bank account if I never withdraw funds or if I change jobs, leave the workforce or retire?
Your HSA account belongs to you and can be transferred from one employer to the other. The less money you spend on medical expenses, the more will remain in your HSA account while earning interest. Your account grows with you towards retirement and is treated as a typical IRA with all the IRS guidelines applying. At age 65 funds can be withdrawn in their entirety without penalty for any reason. Remember that the HSA bank account is portable. You own it. You take it with you wherever you go.
