At my previous employer, I was covered under a HDHP. I set up an HSA and maxed out my contributions. I never took any distributions from the account. Recently, I switched to a new job, and my new employer doesn't offer any plans that would allow me to continue funding my HSA. I'm trying to figure out how best to manage these funds going forward and would appreciate any opinions. I came up with three options on my own.
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I could reemburse myself for previous qualified medical expenses incurred during the lifetime of the account, but I only have proof of expenses for about half of the account's current balance. I don't really have any yearly medical expenses, so it would probably take a while before incurring enough expenses to drain the account.
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I could leave the account as is, but I'm now getting charged a monthly service fee since my previous employer is no longer paying.
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I discovered that I can transfer the funds from one HSA account to another, perhaps an account with no service fees. However, I don't already have another HSA account, and I'm not sure if I can open one since my new plan is not eligible for an HSA.
Are there any other options I'm missing?
Submitted July 18, 2018 at 03:53AM by sam0x19 https://ift.tt/2JyOGFT
