Your employer determines whether the HSA bulk transfer option is available. Please contact your HR team to confirm the process for transferring your HSA funds to Forma.
To opt into the HSA bulk transfer, follow the steps below:
- Log in to your Forma account. If enrolled in an HSA, a banner will prompt you to transfer funds from your previous custodian to Forma. Click "Transfer your money to your Forma HSA" to proceed.
- A new screen will pop up. Read through the information on the page. NOTE: Opt-in date will change based on your company's setup.
- Check the box next to “I have read and agree to Forma’s terms and agreements.”
- Finish the opt-in process by clicking “Transfer my HSA money."
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.