Account holders must be eligible to open or contribute to their HSA to roll over their IRA funds.

The IRA-to-HSA rollover includes a testing period that requires you to remain eligible for your HSA for 12 months following the transfer. At a minimum, you must stay in your High Deductible Health Plan (HDHP) until the testing period expires.

If you don't remain eligible during the testing period, you'll need to include the money you rolled over as income when you file your taxes. In addition, the amount will be subject to a 10% penalty.

You can only roll funds from an IRA to an HSA once during your lifetime. The maximum amount you can roll over is the same as your annual HSA contribution limit for that year.

To continue with rolling over your IRA funds to your HSA,

1. Fill out the IRA Rollover form

2. Send the filled form to your IRA provider