Author Topic: Can I put my HSA somewhere else without penalty?  (Read 213 times)

I'm a red panda

  • Walrus Stache
  • *******
  • Posts: 7118
  • Location: United States
Can I put my HSA somewhere else without penalty?
« on: November 02, 2018, 06:12:20 PM »
I have had a HDHP for the past few years, with an HSA.  I've used the HSA as an investment account, rather than using it for current medical expenses.

Our company is eliminating the HDHP, so my plan no longer qualifies for an HSA.  The company that administers the HSA will now charge a $6 monthly maintence fee to keep the account.

Can I move the money into another type of account without needing to pay taxes on it?
Or should I just find a less sucky HSA administer to transfer the account to?

Can I pay for qualified medical expenses out of the money that exists in the plan even though I no longer have an HDHP? (I know I can no longer contribute to the HSA.)

effigy98

  • Bristles
  • ***
  • Posts: 273
Re: Can I put my HSA somewhere else without penalty?
« Reply #1 on: November 02, 2018, 07:17:04 PM »
Call vanguard, I think you can transfer it.