2024 Account Changes: Forma Bank Transition
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.
- What will happen with individual HSA transfer requests during the banking migration?
- If I close my HSA, what tax implications do I need to keep in mind?
- How will HSA investments be impacted by the banking migration?
- What will happen as funds transfer from the old bank (Blue Ridge Bank) to the new bank (Thread Bank)?
- I'm a new hire. Will I have to go through the banking migration?
- What will happen to my existing pre-tax card?
- What details do you have about the new Forma Pre-tax Card? What is in the envelope?
- What will my experience be during the banking migration as a non-HSA member?
- What will my HSA experience be during the banking migration?
- Who should I reach out to if my HSA appears incorrect?
- How do I know if I am subject to backup withholding?
- Will I need to transfer funds from my current HSA to the new HSA, or is Forma handling the transfer?