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#1147321 - 03/18/09 08:24 PM HSA Transfer or Rollover
ComplianceGurl, CRCM Offline
Gold Star
Joined: Jul 2007
Posts: 498
Can anyone tell me what the difference is between an HSA transfer and rollover? Thanks in advance!!

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#1148606 - 03/20/09 02:30 PM Re: HSA Transfer or Rollover ComplianceGurl, CRCM
chgogal Offline
Member
chgogal
Joined: Mar 2003
Posts: 71
Illinois
It's pretty much the same concept as IRA transfers / rollovers. If the assets are coming from another HSA and the check is payable to the bank, it's a transfer. If the assets are coming from an HSA and the check was paid to the HSA owner, it's a rollover. If funds are coming from another type of plan (MSA or FSA or IRA), it's a rollover
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#1149966 - 03/23/09 08:51 PM Re: HSA Transfer or Rollover chgogal
ComplianceGurl, CRCM Offline
Gold Star
Joined: Jul 2007
Posts: 498
Thank you for the clarification!!

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#1151096 - 03/25/09 04:10 PM Re: HSA Transfer or Rollover ComplianceGurl, CRCM
Georgia Plum
Unregistered

chgogal, If the funds from the HSA are made payable to the HSA owner, how is that a rollover? I would think this would be a distribution.

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#1151497 - 03/25/09 08:52 PM Re: HSA Transfer or Rollover
chgogal Offline
Member
chgogal
Joined: Mar 2003
Posts: 71
Illinois
yes, the debit is a distribution, but when crediting to the "new" HSA, it's a rollover contribution
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"..and dance as if no one's watching...."

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