Once you opt-in to bulk transfer, please follow these steps to get ready for the transfer from WealthCare Saver HSA to Forma HSA.

Step 1-A: How to liquidate investments

Deadline: Feb 17th, 2023

You can liquidate your HSA investment account funds and move them into your HSA cash account by going to your old WealthCare Saver HSA through Forma Portal.

Click on Health Savings Account (Old HSA) when you log into Forma Portal on the Benefits page.
Go to Manage My Investments. It will direct you to the WealthCare Saver portal.
Go to Investments > View/Trade > Proceed
You will be directed to a new investment website. On the new page, go to Invest > Move Money > Enter entire balance

You need to move your entire investment balance from your HSA investment account back to your HSA cash account in order to complete the liquidation and be qualified for the bulk transfer. Please type in the balance and click the submit button, and make sure the entire balance is transferred.
Investments will be liquidated, and the investment funds will be credited to your HSA cash account within 3 active trading/business days.

Step 1-B: How to turn off automatic investment transfer

Deadline: Feb 17th, 2023

Click on Health Savings Account (Old HSA) when you log into Forma Portal on the Benefits page.
Go to Manage My Investments. It will direct you to the WealthCare Saver portal.
Go to Edit automated Investment Transfer -> Turn off auto transfer, OR
Go to Investments > Move Money > Automated Investment Transfer -> Turn off auto transfer

Note

Failure to turn off the automatic transfer feature will result in your HSA Balance being automatically transferred back to your investment account and will delay the liquidation process. That being said, you may be disqualified from the bulk transfer if the automatic transfer feature is not turned off.

Step 2-A: How to download all tax forms

Deadline: March 1st, 2023

Members with an HSA through WealthCare Saver can download account statements and tax documents by logging into the WealthCare Portal and clicking Health Savings Account on the dashboard.

Click on Health Savings Account (Old HSA) when you log into Forma Portal on the Benefits page.
Go to Manage HSA → Pay Myself. It will direct you to the WealthCare Saver portal.
Go to Account Resources > Tax Forms.
You should see all your historic tax forms. Please download them to save on your personal drive digitally or print them out to keep physical copies.

Step 2-B: How to download all account statements

Deadline: March 1st, 2023

Once you download the tax forms, please stay on the website.

Go back to Health Savings Account > Statements
Choose Year.
You should see all your historic tax forms. Please download them to save on your personal drive digitally or print them out to keep physical copies.

Step 3-A: How to change the delivery method for account statements

Once you download all the forms and statements, please stay on the website.

If you have any transactions with your WCS HSA in 2023 that are not reflected in your most recent account statement, we suggest you select a paper form of account statement to be delivered.

Please note by selecting Electronic & Paper for your account statements, you will be charged $1.50 to your HSA account each time a paper statement is sent.

To change the delivery method, please follow the steps below.

Back to Health Savings Account > Statements > Delivery Preferences
Select your preferred method to Electronic & Paper and submit

Step 3-B: How to change the delivery method for tax forms

Please also select a paper form of tax documents to be delivered to ensure you get Tax Form 5498-SA (available in April) to report your contributions in the 2022 tax year. You may also receive a tax form in 2024 if you have any distributions or contributions toward your WCS HSA in the 2023 tax year.

By selecting Paper for your tax documents, there will be NO additional charge.

To change the delivery method for your tax forms, please follow the steps below.

Back to Health Savings Account > Tax Forms
Select your delivery method to Paper.
Enter the given PDF PIN Number.
Click the Submit button.