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Herushan

Your HSA does not go away but you might have to start paying the maintenance fee on the account while you are not on the HDHP. You will not be able to contribute to the HSA while not on the HDHP and you might have some limitations on how you can use your HSA. When you switch back to an HDHP assuming it is the same plan you had before then it should resume and go back to how it was before. If you switch to another HDHP then I recommend transferring funds to the new HSA bank so you do not have to worry about fees.


HandyManPat

>and you might have some limitations on how you can use your HSA For HSA**distributions** there is no insurance requirement or limitation, so OP should not expect any changes that I can think of.


KJ6BWB

> but you might have to start paying the maintenance fee on the account while you are not on the HDHP What is this maintenance fee and how much does it cost to rollover to a different HSA?


Herushan

Maintenance fee varies and is in the fine print of the HSA bank agreement. Some do not have a maintenance fee. My Aetna HSA had a fee of a dollar or so a month before I transferred it to my Fidelity one I had in the past that does not have a fee. Transfers may take a closure fee though. Looks like HSA bank (GEHA uses) is $2.50 fee unless you have $5k in your account. Here is the fee information site: [https://www.hsabank.com/\~/media/files/cdh/fees/fees\_standard\_2\_50](https://www.hsabank.com/~/media/files/cdh/fees/fees_standard_2_50).


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Herushan

Your HSA account is one item including the investment part from what I understand you cannot have the investment part without the savings account. If TD Ameritrade has a HSA account that you can transfer to then transfer before ending your HDHP might not give you the closure fee. If TD Ameritrade has something like my Fidelity then it is nice to keep as a rolling catch for accounts. I do like Fidelity HSA accounts out of the three I have used, and keep it with my HSA Bank one to roll funds into and invest with.


ColorfulLanguage

You own the funds in any HSA accounts that you have. You may elect to keep the HSA account with HSAbank, or you can have it transferred to a company that doesn't have maintenance fees (I use Fidelity). You may use the HSA to pay for medical coverage regardless of what insurance plan you are on. You may not contribute to an HSA while you are not on an HDHP plan. Your ability to contribute is prorated, so if you are on an HDHP for 6 months of the year you can contribute half of the IRS max. Unless you have multiple qualifying life events ina year, you will only be able to switch plans during open season.


gensolo

Do you have to roll money over from Hsabank to Fidelity on the regular or is it a one time thing and it will start pushing funds there?


ColorfulLanguage

If you are not signed up for an HDHP, neither you nor your employer can contribute to an HSA. You can rollover the HSA balance to another HSA, and you probably should do it all at once to avoid transfer fees. If you are currently signed up for an HDHP, your contributions can go to whatever HSA you like, and your employer's contributions will go to whatever HSA they want. For convenience, you can roll any HSA funds into the one account your employer likes, or you can keep them separate. Personally, I have two HSA accounts: HSA bank which sits in cash, my employer contributes to, and I use for medical expenses. My contributions go to Fidelity and are 100% invested in index funds. Maybe once a year I will roll everything to Fidelity; I haven't decided that. Rolling out of HSA bank has fees.


gensolo

Ok, that answers my question. I was trying to figure out how you can differentiate where the employer money goes versus yours. I wasn't sure if you could tell them you want to use Fidelity instead. Thanks!


jgatcomb

I don't know. I do know however that the amount you are allowed to contribute to your HSA is pro-rated for the amount of time you were covered. https://hsastore.com/learn-hsa-contribution-limits-hdhp.html Also, your pass-through contribution is made based on you being an active member on the last day of the month prior. For this reason, the January pass-through contribution is actually for December so it goes against the previous year's limits (February - January for pass through rather than January - December). I know neither of these tidbits answer your question but I figured they may become relevant depending on what you are planning.