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Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: tomorrowsomewherenew on July 13, 2018, 08:26:40 AM

Title: Help me with an HSA
Post by: tomorrowsomewherenew on July 13, 2018, 08:26:40 AM
I'm trying to help my in-laws with their HSA. FIL's employer deposits funds into an HSA at a local bank. It's a savings account earning .15%. MIL wants to keep some funds ($2k-ish) in the local bank to pay day to day bills, but they've got over $16k in the account right now, and that's substantially more than their deductible.

Can I help her transfer funds to Health Equity and let money accumulate in their HSA account at the local bank, just as it has been?
Title: Re: Help me with an HSA
Post by: MDM on July 13, 2018, 09:11:26 AM
Yes.

How To Rollover an HSA On Your Own and Avoid Trustee Transfer Fee (https://thefinancebuff.com/how-to-rollover-an-hsa-on-your-own-and-avoid-trustee-transfer-fee.html) may have enough information.  If not, what do you seek?
Title: Re: Help me with an HSA
Post by: tomorrowsomewherenew on July 13, 2018, 01:35:51 PM
Thanks, the situation in that article sounds exactly like theirs. It doesn't sound like there will be any problem.
Title: Re: Help me with an HSA
Post by: terran on July 13, 2018, 02:51:36 PM
Also consider Lively.