- My Forums
- Tiger Rant
- LSU Recruiting
- SEC Rant
- Saints Talk
- Pelicans Talk
- More Sports Board
- Coaching Changes
- Fantasy Sports
- Golf Board
- Soccer Board
- O-T Lounge
- Tech Board
- Home/Garden Board
- Outdoor Board
- Health/Fitness Board
- Movie/TV Board
- Book Board
- Music Board
- Political Talk
- Money Talk
- Fark Board
- Gaming Board
- Travel Board
- Food/Drink Board
- Ticket Exchange
- TD Help Board
Customize My Forums- View All Forums
- Show Left Links
- Topic Sort Options
- Trending Topics
- Recent Topics
- Active Topics
Started By
Message
Transfer money from NEW HSA to OLD HSA
Posted on 8/6/25 at 8:14 pm
Posted on 8/6/25 at 8:14 pm
Google AI says this is possible, but all links talk about doing the opposite.
My new HSA has no investment options, only a "high yield" that pays a whopping 0.05% interest.
My OLD HSA has full investment options, integrated with Schwab, I can invest in basically anything.
Can a human please educate me on this?
My new HSA has no investment options, only a "high yield" that pays a whopping 0.05% interest.
My OLD HSA has full investment options, integrated with Schwab, I can invest in basically anything.
Can a human please educate me on this?
Posted on 8/6/25 at 9:58 pm to deeprig9
Ya, you can open an HSA with any administrator that will take you. This was probably more common when HSAs were newer and some employer HSA options were shitty like yours and charged high fees. Over time, the employer offered HSAs got better.
Now, if your employer is putting in their own contribution into your HSA, they aren't going to send it to the administrator you get for yourself. You'll have to do transfers from that HSA to your own HSA account as they come in.
So, long way to say "yes," you may be able to have your own administrator manage your "new" account. (I'm not really sure what the status is of your old account or if the administrator will make you open a new account with them and start fresh after you transfer all old assets in).
Now, if your employer is putting in their own contribution into your HSA, they aren't going to send it to the administrator you get for yourself. You'll have to do transfers from that HSA to your own HSA account as they come in.
So, long way to say "yes," you may be able to have your own administrator manage your "new" account. (I'm not really sure what the status is of your old account or if the administrator will make you open a new account with them and start fresh after you transfer all old assets in).
This post was edited on 8/6/25 at 9:59 pm
Posted on 8/6/25 at 10:37 pm to Teddy Ruxpin
quote:
Now, if your employer is putting in their own contribution into your HSA, they aren't going to send it to the administrator you get for yourself. You'll have to do transfers from that HSA to your own HSA account as they come in.
My employer does not contribute any money on my behalf to the current HSA, it's 100% my money. But it all comes out of my paycheck automatically.
Are you suggesting there's a way to make that auto-deduction go to a completely different HSA account?
Posted on 8/6/25 at 10:40 pm to deeprig9
quote:
Are you suggesting there's a way to make that auto-deduction go to a completely different HSA account?
Nope. They won't do that because your payroll is not going to accommodate that. They have a contract with the HSA administrator you currently have with them, so they cannot use their payroll to fund your HSA that's not with that administrator. You'll have to transfer OR make after tax contributions to your personal HSA and get your tax deductible benefit when you file your taxes at the end of the year (in this scenario you put your payroll contributions to zero).
This post was edited on 8/6/25 at 10:44 pm
Posted on 8/7/25 at 7:37 pm to Teddy Ruxpin
Not true. You can have a HSA with ANY legitimate provider, and your employer has not say in it. HSA rules are not like 401k. You do not ever have to use the one your company prefers. Give your HR or payroll people the account info, and tell them you want your HSA paycheck deduction to go into that account.
Posted on 8/7/25 at 8:29 pm to Ann Arbor Tiger
Disagree. Correct in that you can have your HSA anywhere you want. However, your employer does not have to make contributions from your paycheck to your specified HSA.
Posted on 8/7/25 at 8:52 pm to TX_Tiger23
quote:
Disagree. Correct in that you can have your HSA anywhere you want. However, your employer does not have to make contributions from your paycheck to your specified HSA
Ya, they aren't going to do that because they have a contract with the HSA administrator they went out and got for their employees. It doesn't stop the employee from getting their own account, but I guarantee they aren't going to put any of their contributions into it. Now, his employer isn't doing any anyway, but the employer isn't going to deposit into that account on a pre-tax basis from the employee's salary either, so it's rather pointless for him to set up with the employer anyway even if they would do it.
This post was edited on 8/7/25 at 8:54 pm
Popular
Back to top

1






