HSA discontinued. . .advice

[slugsworth]

Just got word my HSA eligible plan will be discontinued and will no longer have an HSA plan option. I've already made some contributions this year but will be transitioning to a non-HSA plan as of 6/30 I believe that this means I'll be eligible for pro rated coverage $3,350 * .5 = $1,675 for the year. If it matters, my work never had payroll deductions for the HSA my contributions have been with after tax contributions.

My questions are:
- I wanted to confirm my understanding on my limits
- I wanted to ask if there was consensus on the best HSA provider since now, I might move what I've got over to one not tied to my employer.
- any other tips?

[MDM]

Yes on the eligibility.  See https://www.irs.gov/publications/p969/ar02.html#en_US_2015_publink1000204025 for confirmation.

- I wanted to ask if there was consensus on the best HSA provider since now, I might move what I've got over to one not tied to my employer.

See https://www.bogleheads.org/forum/viewtopic.php?f=1&t=192950 for a similar current discussion.

[slugsworth]

Thanks.

[redcedar]

So your employer is bucking a very big trend of shifting cost to employees via HDHP? Really?  Or did they just screw up on plan design and structure plans that fall just short of being HSA eligible.

Have you talked to HR to understand why they are doing this? Another option is to educate/push a company exec to be a champion for HSA accounts. They can help HR see the light in offering an HSA eligible plan if even for a subset of employees.

You are right on about the contribution cap math.

Regarding "best" HSA admin, check out the following which all offer a good suite of low cost index funds:

Health Savings Admins - first dollar investing
HealthEquity - massive and growing set of tools for managing health and savings
Optus - may have lowest fees
HSA Bank - commission free ETFs

[slugsworth]

Yeah, small organization went from 2 health options a gold plan and an HSA eligible plan. . . We lost the HSA option. Now health care is take it out leave it.

I'm curious about it but it is a done deal for at least this fiscal year. Thanks for the suggestions on admins.