Get Return Of Mistaken Distribution - Fidelity Investments

In most cases, if you're moving a retirement account to a Fidelity retirement account of the same type, you likely won't incur taxes. We don't charge a fee to move assets from another institution; however, your current firm may charge to transfer your assets to us.

To request a transfer into your Fidelity HSA, you can do it online: Click on Transfer and then See more transfer options. ... Some HSA providers can only transfer out cash, in which case you will have to sell the investments in your existing HSA to cash first before you request the transfer.

Fidelity does not charge fees to invest your HSA. Certain investment transactions may result in commission charges or transaction fees (please see https://www.fidelity.com/trading/commissions-margin-rates.)

You can give a refund in any way you want. ... Since the medical expense was paid by an HSA, when you refund the money the expense becomes one that is no longer a qualified medical expense for the patient's HSA. The patient would need to return this money to the HSA or be subject to tax and penalties on this money.

HSA Rollover The IRS allows each HSA account holder to roll over their funds to a new HSA provider every 12 months and maintain the tax-advantaged status of the HSA. If you request a rollover, the HSA custodian will send the funds to you via check or transfer to your personal bank account (not your HSA).

Note that if you want to put the money back in the account, you will need to contact the HSA administrator and tell them in advance that this is a return of a previous withdrawal. There may be a special form to send with the check. Otherwise, sending them a check will look like a new tax-deductible contribution.

Go to Fidelity.com or call 800-544-3716. Use this form to request a return of an excess contribution made to your Fidelity HSA®. If you are a nonresident alien, please contact Fidelity prior to completing this form, as you may be subject to additional tax-withholding requirements.

You have the ability to reimburse yourself at any time, which means you'll be able to accrue more tax-free funds in your HSA and use the HSA to refund yourself of a qualified expense. ... You don't pay taxes on the money you contribute. You can use the funds to pay for qualified medical expenses.

Transferring funds online from your HSA to another account. Requesting a check for yourself electronically through Fidelity BillPay for HSAs. Writing yourself a check using your HSA checkbook.

You are permitted to reimburse yourself for qualified medical expenses from an HSA account as long as the expenses were incurred after the HSA account was established, Seltzer said in an email. There is no time limit on when you can reimburse yourself for these expenses.