As far as I know, Schwab only charges fees for full transfers. I didn't get charged for a partial transfer.If there is a $25 account transfer fee at Schwab, I think I’ll leave my “sell-only” HSA account at Schwab, rather than transferring it to my Fidelity HSA, until I see GEHA’s plans for 2025. It seems possible that GEHA will find a new custodian that utilizes Schwab, or perhaps GEHA will negotiate fee-free transfers from Schwab. New contributions after 9/24 will accumulate at HSA Bank until GEHA announces the details of its 2025 plan. I’m hoping that GEHA either dumps HSA Bank or negotiates an exemption to HSA Bank’s new fee structure.
One advantage Schwab has over Fidelity is that it offers a Treasury money market fund (SNSXX) that has been 100% state tax free whereas Fidelity (with FDLXX) does not. This simplifies California tax filing for me.
If I could direct contributions (including premium pass-throughs) directly to Fidelity, I would just go 100% with Fidelity. But my employer — the US Courts — has told me that is not an option.
It seems unlikely to me that GEHA would switch vendors. They've been using HSA Bank ever since they started offering the HDHP.
Statistics: Posted by tj — Tue Sep 10, 2024 10:01 am