Submitted by Ronaldo0720 t3_10q1nqk in personalfinance
sciguyCO t1_j6nf1lw wrote
Reply to comment by Ronaldo0720 in HSA Rollover to healthequity help! by Ronaldo0720
Exactly. It's a bit more preparation you'd have to do now (setting up that link before you can complete the rollover), but that'll keep your bank information on record for future use.
There is one other limitation I forgot to mention. The IRS only allows you to do one indirect HSA rollover every twelve months. So if you happen to need to do another rollover before January 2024, you'd have to make sure that future one is done as a "direct" transfer between the HSA providers. I think that twelve month period is based on the date of the withdrawal from the sending HSA, but I'm not 100% sure.
Ronaldo0720 OP t1_j6ngv52 wrote
Thank you guys for your help. Much appreciated!
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