The following fees are applied to an HSA account with Forma:
1. Investment Account Fee: $2.50 per month
The fee will only be charged if you choose to participate in the optional HSA Investments. The fee could not be waived under any circumstances.
2. Closure Fee: $25.00 per occurrence
The fee for closing your account. If you wish to close the account, please reach out to our Member Experience Team. Please note that if you are ineligible to enroll in the HSA plan, it only disqualifies you from making contributions.
If there are zero funds in the account and you would like to close the account, the close account fee will not apply.
3. Transfer to another custodian:
The fee for transferring your HSA to another custodian, fee amount can be withdrawn from your HSA balance upon transfer. For more details for transfer out, please see HERE.
Partially Transfer Out: There is no charge applied.
Fully Transfer Out: $25 transfer fee will apply.
4. Paper Statement Fee: Up to $1.50 per quarter
A printable electronic statement is provided free each quarter.
If you would like to receive paper statements, please follow the steps HERE.
If you have any questions, please feel free to reach out to our Member Experience Team via live chat, email to firstname.lastname@example.org, or call us at 844-902-2902.