As title specifies, I’m a HealthEquity member from a previous job. I’ve got some $1950 funds + $7900 in investments in the account currently. Seen recommendations to switch to Fidelity but wondering if I can transfer all of the money over? Are there tax implications in doing so?
Any help is appreciated.
I’m currently employed and contributing annually to my HSA account. I plan to retire sometime next year. At the latest, I will retire when I turn 65 in October of next year (2027). I’m considering retiring a few months earlier (May or June 2027) and using Cobra to bridge the healthcare gap until October when I can go on Medicare. Can I still contribute the maximum annual amount to my HSA account in 2027? Or am I subject to some prorata rule? If the latter, does continuing my current HDHP plan through Cobra affect my HSA contribution eligibility?
I started maxing out my HSA this year, mainly to use for actual medical bills since our now two year old had two separate overnight stays in the hospital this year (thanks RSV and bronchitis)
That being said, I am nearing the point that I can actually invest some of this money in my work sponsored Bank of America HSA. I have no clue what to invest in. I would appreciate advise on what to throw my money into for a safe return. Here are my options:
Health Insurance HSA Help
I’m just going to bullet point all this to help organize my thoughts and facts but please help!!
• household is my husband, me, stepdaughter (11) and our son (2)
• we have 50/50 custody of stepdaughter
• we claim her every other year on taxes
• MOTHER ACCIDENTALLY claimed 2 years in a row (paid us the cash back for her accident), and this upcoming year is her year so it will look like she claimed her 3 years in a row
• we have to switch to a new insurance which is also an HSA plan
• we cover stepdaughter on insurance
• I am unsure who makes more between my husband and her and don’t want to open that can of worms, there is no child support involved
Are we eligible to use our HSA money on stepdaughters medical bills???? I can not understand these rules
I keep hearing that is better to go with Fidelity. I have Inspira, who I am not in love with but that’s what my company offers. I’m 100% in FXAIX and will max out each year for family - plan only started for us in 2024 and I probably have $22k in there. Didn’t understand the HSA concept when I started. Booooo.
So what benefit is it to move to Fidelity? I’d just pick a SP500 fund anyway. I know Inspira charges fees for certain balances but after I hit $33k, I think fees go away.
Hi ,I am 39 M and have about 70k In my HSA have been contributing for the past 9 years, I would like to know should keep contributing to HSA and how can I better utilize the funds or invest?
I just realized I have an HSA through my employer, and they put $2,500 into it. I honestly had no idea I even had this account until recently!
I’ve heard that HSAs can be used for things like hygiene products, including pads and tampons, but I’m not sure what qualifies or how to get the most benefit from the account.
For those of you who use an HSA, what are some of the best ways to use it? Are there any eligible expenses people commonly overlook? Also, is there anything I should know about saving the money in the HSA instead of spending it right away?
I’m completely new to HSAs, so I would appreciate any advice or tips!!
So I’ve called SSA, Medicare and IRS. SSA and Medicare reps very kind but directed me to IRS number which has the most frustrating tele support….only to get to where there are no representatives. I’ve search the IRS website and still not convinced I have the “right” answer.
Context: turn 65 in January of 2027 and plan to work through the month and retire February 1, 2027. I would delay enrolling in Medicare until February.
Question: can I contribute to my HSA in January since I will not be enrolled in Medicare yet? My company gives employees an HSA incentive at the beginning of the year and I don’t want to throw that away unless there is no way around it? This is relating to look back timing, tax penalty if I get it wrong, etc.
Everyone I talk to gives me a different answer and a different recommendation so here I am on REDDIT seeking the truth! Ha!
I’m new to investing overall and a little confused when I went to open a self directed HSA in Fidelity. From what I understand, I can choose what I want to invest in. When I went to open the account, It says I’m agreeing to Fidelity investing my funds into FDRXX. I’ve tried researching what that is exactly but honestly still pretty lost. I have $6k I’m wanting to start investing in my HSA but want to choose the ETFs myself. I went back and checked that I did not accidentally choose Go HSA.
I've been in a back and forth with my HR department and United Healthcare as to whether or not my plan is HSA eligible. Each one keeps telling me to talk to the other.
On the surface, I believe I qualify but nobody can confirm. Why isn't there a place to just plug in your insurance information and have it return a definitive answer?
I would love to take advantage of an HSA but don't want to jump the gun for tax/penalty purposes and am getting frustrated.
We are a small business that recently started using a healthcare plan with a Health Savings Account (HSA) due to rising costs. For the past 20 years, we did not utilize this type of plan and were unfamiliar with how it works. Our benefits provider recommended the plan but did not fully explain the details. As a result, it was not set up properly, and now we are facing issues.
All the HSA money withheld from our paychecks in 2025 was not deposited into our newly set up Optum accounts, so technically, the company still retains that money. Since the tax deadline has passed (although our accountant filed for an extension), it seems we are unable to correct this problem by moving the funds into the Optum accounts now. From what I understand, that would mean correcting our W2's for last year, which would solve that problem.
But the other issue is that the total from last year is still showing in our 2026 YTD HSA withheld deductions, and now that 2026 is halfway over, we have met our deduction total for 2026 due to the 2025 funds. Is that because the 2025 funds were never moved to the Optum account and are still accumulating for 2026? I am having a very hard time finding any answers on what to do from our accountant or our payroll company.
Here is an example:
Total withheld in 2025: $5,590.45
1st paycheck of 2026 YTD withheld total: $5919.30
Current YTD withheld total: $8750
The total we can withhold for the year is $8750 and we have supposedly met that goal for 2026, even though we can no longer move the 2025 money into Optum.
I have heard the top providers are Lively and Fidelity, but who is really the best for both low fees and ease of receipt management? I would ideally like to store all my receipts with the provider long term even if I don't request reimbursement until later. Unless that is a terrible idea? I just want a simple software solution to store receipts, I guess. If the HSA provider isn't the right place, then how are you all doing this? I am not really a fan of jerry rigging my own solution in Google Docs. I can choose any provider because I will be setting up my own via an ACA plan. Thanks for the input!
I use my HSA as an investment account and have been keeping receipts of all the small medical expenses but its time for a big one. The wife and I both have spinal injuries and we are looking at a new split king adjustable bed to try and help with that. Do we need seperate LMNs since its a split king platform and mattresses?
Hypothetically, if my grandmother pays a $1000 medical bill directly to the provider on my behalf, can I count it as a medical expense for purposes of reimbursement from my HSA?
Does it matter if in the same year she gave me $19000 directly in addition to paying my medical bill?
In the alternative, what if she pays or gifts me nothing else that year except this one medical bill?
If you have an employer HSA with fees or bad investment options, you may be able to move some or all of it to Fidelity.
The clean way is to open a Fidelity HSA and start the transfer from Fidelity’s side. That’s a trustee to trustee transfer, so it does not count against your annual HSA contribution limit.
Before doing anything, check two things at your current provider:
Whether they charge a transfer/closure fee.
Whether they support in-kind transfers.
If they support in-kind transfers, your holdings may be able to move without selling. If they don’t, you’ll usually need to liquidate to cash first. Fidelity notes that many HSA providers only transfer cash.
One easy mistake: if you have automatic investing turned on, turn it off before selling to cash. Otherwise the provider may reinvest the cash before the transfer finishes, and you get to do the whole annoying loop again.
Timeline is not instant. Fidelity says HSA transfers usually take 2-5 weeks depending on how quickly the current provider responds.
Once the money lands, invest according to your own plan. A lot of people use broad index funds like FZROX, FSKAX, FXAIX, or similar. Just don’t confuse them: FZROX is the zero expense ratio total market fund while FXAIX is a very low cost S&P 500 fund, but not zero expense.
Why bother? Some employer HSAs have monthly fees, cash minimums, or limited investment menus. Fidelity’s individual HSA has no account fees or minimums, though fund expense ratios and specific investment costs can still apply.
After the move, the long term strategy many people use is: pay current medical expenses out of pocket if cash flow allows, save itemized receipts, and let the HSA stay invested. At 8% annual growth, $1,000 left invested from 35 to 65 becomes about $10k before taxes/fees/inflation assumptions. Not advice, just the checklist I wish I had before moving mine.
Thanks for the long read..
As the title says, I just opened an HSA and want to confirm that I am eligible before making contributions and getting hit with penalties. I (21M) just graduated college and am starting my first job where I'll finally have disposable income to invest. I am already planning on maxing my Roth IRA and 401k match, but I figured I'd open up an HSA as well to maximize my tax free investments. I will most likely be using this as a retirement account rather than reimbursing my medical expenses. I've done a lot of research and believe I am eligible, but would love for you guys to help me confirm for my peace of mind! Some info/questions about my situation:
Any help or advice would be greatly appreciated!
I have an old HSA with $7000 from my employer. I was laid off in December 2024 and was without insurance. I am 50.
I just got a job outside the US for 3 years.
I have to buy insurance for 2 kids in college (in the US). Reading IRS 929 I cannot use the HSA money for it.
What can I do with the HSA funds without paying penalties or taxes? I don’t want to leave it in my employers plan.
I used to do the dumb version of this: Google “is X FSA eligible,” read three conflicting answers, buy the item anyway, then hope my administrator didn’t ask questions later. That works fine for obvious stuff like sunscreen, contact lens solution, thermometers, OTC meds, etc. It gets messy with anything borderline.
What I do now: If the store has an FSA/HSA filter, I use that first. Amazon, CVS, FSA Store, etc. are fine for obvious items. The main thing I care about is knowing whether something may need documentation before I buy it. Air purifiers, ergonomic chairs, massage guns, Apple Watch, and similar items are where “FSA eligible” does not always mean “swipe and done.” I also keep the itemized receipt tied to the purchase now. My administrator has asked for proof before, and a credit card statement was not enough.
It’s not perfect, and for anything expensive I still check my actual plan docs. But it changed my workflow from “panic Google after checkout” to “check before buying.” What are people using for quick eligibility checks besides Amazon/FSA Store filters?
