Your employer will decide if HSA bulk transfer is an available option. Please reach out to your HR team for confirmation on the process to move HSA funds into Forma.
- Log in to your Forma account. If you are enrolled in HSA for the plan year, you’ll see a banner reminding you to transfer your HSA money from the previous custodian to Forma in order to consolidate your HSA.
- Select on “Learn more about HSA transfer” or “Transfer your money to your YYYY Forma HSA”
- Read the terms and check the box next to “I have read and agree to Forma’s terms and agreements.”
- Select “Transfer my HSA money” and you are all done!
What Happens Next?
Once the opt-in window closes, Forma will work with the previous custodian to transfer the balance. Please make sure you have liquidated all your assets with your previous custodian before you opt-in to the transfer.
You will have full access to your new Forma HSA starting January 1. You will be able to access the current year’s HSA funds as payroll contributions to your HSA are made.
Once the transfer is complete, the remaining balance in your existing HSA will be transferred to your new Forma HSA and will be available to you on your Forma account.