freedomatlast
Thinks s/he gets paid by the post
- Joined
- Oct 27, 2013
- Messages
- 1,189
I left MegaCorp in 2019 and but kept my HSA with the same administrator. Since leaving MegaCorp, they are charging me a $4.50/month "Benefit Admin Fee" and $1.25 paper surcharge fee. I take one medication that costs about $5.00/month, so the expenses of keeping this account are more than what I actually spend on medical expenses.
Does anyone have any suggestions on less expensive options?
How does a person go about transferring to a new HSA administrator to avoid it looking to the IRS like the funds were withdrawn for non-medical expenses?
Thanks.
Does anyone have any suggestions on less expensive options?
How does a person go about transferring to a new HSA administrator to avoid it looking to the IRS like the funds were withdrawn for non-medical expenses?
Thanks.