New information for those who have GEHA HDHP:
You may have seen communications showing a fee schedule listed on the HSA Bank transition FAQ page. We are pleased to share that the Choice fee does not apply for GEHA members. This means you will not be charged a fee for the Choice investment option.
For GEHA members, the annual fees are 0.00% for Choice, 0.25% for Select and 0.35% for Managed.
HSA Invest annual fees are waived for Select and Managed for any quarter when your average HSA cash balance for that quarter is $7,500 or more. HSA Invest annual fees will be waived through 2024.
Beginning on or about Tuesday, Sept. 24, you will only be able to invest new HSA funds in the HSA Invest program. One-time, auto-sweep and recurring transfers from your HSA cash balance to Devenir and Schwab will stop.
•For Devenir investors, you can still move money between existing funds and adjust asset allocations, but you can’t make any new transfers to investments. You may liquidate and close your Devenir investments at any time. To invest in a similar program, enroll in the HSA Invest Select option.
•For Schwab Health Savings Brokerage Account (HSBA) investors, the program changes to sell-only (no new purchases allowed). After Sept. 24, any available cash funds at Schwab will automatically transfer daily to your HSA cash balance at HSA Bank. Only invested assets are held at Schwab. To invest in a similar program, enroll in the HSA Invest Choice option.
You may have seen communications showing a fee schedule listed on the HSA Bank transition FAQ page. We are pleased to share that the Choice fee does not apply for GEHA members. This means you will not be charged a fee for the Choice investment option.
For GEHA members, the annual fees are 0.00% for Choice, 0.25% for Select and 0.35% for Managed.
HSA Invest annual fees are waived for Select and Managed for any quarter when your average HSA cash balance for that quarter is $7,500 or more. HSA Invest annual fees will be waived through 2024.
Beginning on or about Tuesday, Sept. 24, you will only be able to invest new HSA funds in the HSA Invest program. One-time, auto-sweep and recurring transfers from your HSA cash balance to Devenir and Schwab will stop.
•For Devenir investors, you can still move money between existing funds and adjust asset allocations, but you can’t make any new transfers to investments. You may liquidate and close your Devenir investments at any time. To invest in a similar program, enroll in the HSA Invest Select option.
•For Schwab Health Savings Brokerage Account (HSBA) investors, the program changes to sell-only (no new purchases allowed). After Sept. 24, any available cash funds at Schwab will automatically transfer daily to your HSA cash balance at HSA Bank. Only invested assets are held at Schwab. To invest in a similar program, enroll in the HSA Invest Choice option.
Statistics: Posted by RJC — Thu Sep 12, 2024 10:20 am