Switch HSA from employer plan to Fidelity

I had a similar issue when I was employed. Since your employer contributes a certain amount per year (mine also made an annual contribution), they likely will only contribute to the account that they set up. But you should be able to make transfers into an HSA account that you establish with another provider. That’s what I did.

My payroll deductions for the HSA still went into the company provided HSA account. Once or twice a year, I’d transfer all but $1000 or so into the HSA that I established. In that account I had a wider selection of ETFs, plus I could buy individual stocks and even trade options. And when I left the company, I just transferred the remaining balance into the account that I set up.

Methinks you work for a major and can move to Fidelity without any fees if done here shortly. Am I warm??

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Once or twice a year, I’d transfer all but $1000 or so into the HSA that I established.

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Is this easily done online?

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The company cannot make you use their HSA provider. It is not like a 401k.

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I had no idea, thanks for calling it out. I always just rolled into employer options. Time to do some research on HSA providers and do a TOA to move out of crappy work account.

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three different providers that my company used in the time that I was there, I was always able to do the transfers online.

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How often did you transfer over. Looks like the request to transfer (to Fidelity) is started with Fidelity, and they obtain it from the company provider.

You work for CVX baw?