Get WEX Health Savings Account (HSA) Transfer Request Form 2022-2024

An HSA rollover involves informing your current HSA provider that you intend to close the account and move your HSA to another provider. The provider will then cut you a check, and it's then your responsibility to get that money reinvested at your new HSA provider.

Transfers Complete the Health Savings Account (HSA) Transfer Request Form and send it to your current custodian. Complete and return the transfer form provided by your current custodian. The current custodian will then initiate the direct transfer of your HSA funds to WEX.

Submit your request—we'll do the rest You request a transfer. You can do this online now . We'll ask for your assets. We contact your other HSA provider on your behalf. They'll process the request. Your provider will then send us your assets, usually within 2–5 weeks. We'll deposit your assets.

The bottom line is that your HSA is yours. This account doesn't belong to your employer, so you get to take it with you wherever you go, even if your new employer doesn't offer HSAs or provide HSA contributions.

An HSA rollover involves informing your current HSA provider that you intend to close the account and move your HSA to another provider. The provider will then cut you a check, and it's then your responsibility to get that money reinvested at your new HSA provider.

If you have multiple HSAs and are ready to consolidate them, there are 3 ways to do so: through a cash transfer, a rollover, or an in-kind transfer.

Transfers Complete the Health Savings Account (HSA) Transfer Request Form and send it to your current custodian. Complete and return the transfer form provided by your current custodian. The current custodian will then initiate the direct transfer of your HSA funds to WEX.

How long will an HSA transfer take? It may take 2–5 weeks or, in some cases, more, depending on how quickly your current HSA provider responds. If any of your HSA money is invested, your current HSA may be held in 2 separate accounts which are both eligible to be transferred.

Submit your request—we'll do the rest You request a transfer. You can do this online now . We'll ask for your assets. We contact your other HSA provider on your behalf. They'll process the request. Your provider will then send us your assets, usually within 2–5 weeks. We'll deposit your assets.

A rollover is another way to consolidate your HSAs. It differs from transfers in that your HSA provider sends your current HSA funds to you and not directly to your new HSA provider.

The bottom line is that your HSA is yours. This account doesn't belong to your employer, so you get to take it with you wherever you go, even if your new employer doesn't offer HSAs or provide HSA contributions.

You contact your current HSA provider and request it send you a check or direct deposit of your funds, so you can set up an HSA rollover. Then you have 60 days to deposit those funds into your new HSA account. If you fail to do so, the IRS will levy income tax on the amount you rolled over, plus a 20% penalty.

If you have multiple HSAs and are ready to consolidate them, there are 3 ways to do so: through a cash transfer, a rollover, or an in-kind transfer.

It's yours Think of your HSA as a personal savings account. Any unspent money in your HSA remains yours, allowing you to grow your balance over time. When you reach age 65, you can withdraw money (without penalty) and use it for anything, including non-healthcare expenses.

How long will an HSA transfer take? It may take 2–5 weeks or, in some cases, more, depending on how quickly your current HSA provider responds. If any of your HSA money is invested, your current HSA may be held in 2 separate accounts which are both eligible to be transferred.

A rollover is another way to consolidate your HSAs. It differs from transfers in that your HSA provider sends your current HSA funds to you and not directly to your new HSA provider.

You contact your current HSA provider and request it send you a check or direct deposit of your funds, so you can set up an HSA rollover. Then you have 60 days to deposit those funds into your new HSA account. If you fail to do so, the IRS will levy income tax on the amount you rolled over, plus a 20% penalty.

It's yours Think of your HSA as a personal savings account. Any unspent money in your HSA remains yours, allowing you to grow your balance over time. When you reach age 65, you can withdraw money (without penalty) and use it for anything, including non-healthcare expenses.

It's yours Think of your HSA as a personal savings account. Any unspent money in your HSA remains yours, allowing you to grow your balance over time. When you reach age 65, you can withdraw money (without penalty) and use it for anything, including non-healthcare expenses.

Deposit the check you received from your previous custodian into a personal bank account. Write a personal check to WEX for the amount of your rollover. Mail the check to us along with a completed Health Savings Account (HSA) Contribution Form.

Select “Make a One-Time Transfer” or “Set Up Automatic Investment” from the Manage Your Account drop-down menu. Follow the instructions to move funds from your HSA cash account to your brokerage account, or call the HSA Bank Client Assistance Center at 800-357-6246 if you need help.