What happens to my HSA if I am laid off?

I was laid off today and I still have about $800 in my HSA. How much long after I am laid off will I be able to use it?
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  • A Health Savings Account (HSA) is an account you own and any funds you have in that account are yours to use at point in the future, even with a different employer. Think of it as a bank account in your name for medical expenses.

    If you have a Medical Flexible Spending Account (FSA) the rules for using any remaining dollars can vary, based upon your employer's plan, but typically eligible expenses must be incurred by your last day of employment and you usually have a window after your last day to submit the expenses.

    If what you have contributed to your Medical FSA exceeds what you have been reimbursed so far this year you may also elect COBRA coverage for your FSA, allowing you to make monthly payments to extend your coverage period past your termination/layoff date.

    Please contact our customer service team between 7:00 AM to 6:00 PM MDT, Monday - Friday, if you want us to look up your specific plan details.
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