Does the money in my Health Wallet expire?

The answer to this question depends on how your employer has designed its ICHRA plan.

  • Some employers set the Health Wallet funds to expire at the end of each plan year.
  • Other employers allow the entire Health Wallet balance to roll over year-over-year.
  • Or, the employer may allow only a portion of the Health Wallet to roll over.

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 Health Wallet balance. 


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