Employers decide whether money rolls over or expires at the end of the year. Some employers limit the amount that can roll over each year (for example, allowing a maximum of $500 of unspent to carry to the next year).
What happens if you separate from your employer?
- You can typically maintain access to your Health Wallet by participating in the employer's COBRA plan.
- However, once you terminate your ICHRA coverage, you forfeit your HRA Account.