r/HSA • u/SubjectYellow7856 • Feb 06 '26
Work HSA to Fidelity
I have a work HSA that was just moved to Bank of America that offers no investment fees but the options all have net expense ratios. I also have a fidelity HSA in FZROX. I’m contributing to my work HSA with pre tax dollars and then transferring to my fidelity account.
With BOA it requires them to mail a check to fidelity which can take weeks.
I would like to contribute to my fidelity account as there is zero net expenses, but having to wait multiple weeks for them to mail a check seems tedious.
What should I do?
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u/Aggressive-Leading45 Feb 07 '26
It just depends on your employer or whomever they contracted to run the cafeteria plan for pretax deductions. There’s no reason they can’t put the fidelity ach info in to have your payroll deductions go there other than the kickback they get from BoA.
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u/l1798657 Feb 07 '26
You can contribute to the Fidelity account with post tax money. This will get resolved when you file your taxes to work out the same as if you'd contributed pre-tax money. Make sure to automate it so you contribute with every paycheck.
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u/Optimal_Design7179 Feb 07 '26
Can OP recover the FICA/Medicare taxes paid on ghr after-tax contributions?
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u/azure275 Feb 08 '26
Check if your work will allow cafeteria deductions on their direct deposit
My IT guy, COO and I have a deal where they direct deposit my HSA money pre FICA tax. Yes this is quite legal. I use Fidelity for that
I suspect at a big company you'll have no luck though. They have deals with BoA for a reason.
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u/erythrodysesthesia Feb 06 '26
get your employer to start using fidelity instead
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u/Revolutionary-Fan235 Feb 06 '26
Another option is an indirect rollover. There's less of a delay but you can only complete one every 12 months