January 1, 2026

Fidelity will be the new preferred HSA vendor. Your 2026 contributions will be deposited into your Fidelity HSA, beginning in January 2026 (or after you activate or open your Fidelity HSA, if later).

You will receive communications from Fidelity detailing how to activate your Fidelity HSA online through NetBenefits® at NetBenefits.com, request additional debit cards, invest your balance, and designate beneficiaries (any current HSA investment elections and beneficiary designations will not carry over from HSA Bank to Fidelity).

For any inquiries regarding your Fidelity HSA®, please call Fidelity at 800-544-3716 or log in to netbenefits.com.

January 12, 2026

Group transfer election window opens to provide consent to transfer your HSA Bank HSA and open a Fidelity HSA®.

February 13, 2026

Group transfer election window closes at 5 p.m. ET. This is the last date to provide consent for HSA Bank to move your HSA Bank HSA balance to Fidelity with no fees.

  • Complete the online consent for the group transfer at HSA Bank by February 13, you will not be subject to transfer, account closure, or monthly administrative fees with HSA Bank.
  • If you miss the eConsent window for the group transfer, you can still elect to transfer your HSA Bank HSA to a Fidelity HSA®. You can begin the individual transfer process on February 14, 2026, by filling out a transfer of assets form at Fidelity. Please note: the individual process can take six to eight weeks to complete, and may be subject to applicable HSA Bank fees.
  • Moving funds between HSAs is not typically considered a taxable event and will not be reported to the IRS, though you are encouraged to review applicable rules for your state and consult with a tax advisor.  

 

February 15, 2026

By 5 p.m. ET, you must:

  • Liquidate (or move to cash) your investments, including dividends, if you have invested some or all of your HSA Bank HSA savings.
  • Turn off any ad hoc contributions set up to fund your HSA Bank HSA outside of payroll (also referred to as auto-transfers, if set up to be ongoing).
  • Turn off any further automatic investments. 

If you do not take action to liquidate your HSA savings, including any reinvested dividends,  HSA Bank will automatically liquidate your investments on your behalf. 

February 23, 2026

Last day to use your HSA Bank account and debit card. Pending transactions on your HSA account after this date will result in an inability to participate in the group transfer.

You can use your debit card (“NetBenefits Health & Benefits Card®”) from Fidelity to pay for qualified medical expenses with any funds that are already in your Fidelity HSA during the group transfer blackout period.

If you do not have enough funds in your Fidelity HSA to cover an expense, you can pay the expense out of pocket, save your receipt, and submit for reimbursement after the group transfer blackout period is completed, on or around March 20, 2026. Please do not use your HSA Bank HSA debit card during the blackout period as the charge will be declined.

March 18, 2026

Activate your Fidelity HSA at NetBenefits.com by March 18, 2026. You will be notified by Fidelity via email if your HSA is not in good order. You will receive instructions on what steps you must take before transfer of assets begins (during which you will be unable to access your HSA balance being transferred from HSA Bank to Fidelity).

March 20, 2026

The group transfer is expected to be complete, and your HSA Bank HSA balance will be available in your Fidelity HSA.

This group transfer will not be considered a taxable event and will not be reported to the IRS, though you are encouraged to review applicable rules for your state and consult with a tax advisor.