This change only impacts select Forma members. All members impacted will be notified directly via email about account changes. If you have not been notified, then this change does not impact your account.
If you have an HSA with Forma, you will be required to sign an agreement that Forma can move your HSA to Thread Bank. To agree, you will receive an email on November 14, 2024 with a link to begin the process. In addition, the link will be accessible in the Forma portal.
If you do not agree to Forma’s use of Thread Bank by the EOD Sunday, December 15 deadline:
- Your existing HSA account with Blue Ridge Bank will be closed on Monday, December 16 and your pre-tax debit card will be deactivated.
- You will receive a physical check for the remaining HSA balance sent to the mailing address on file.
- If you have any investments in your brokerage account, you will need to log on to Forma to liquidate remaining equities and provide an external account for Forma to deposit funds to.
- You will still have access to HSA tax documents by logging on to Forma with your personal email on file.