#hsa

When? Plan to leave after!!!!

I was at Xerox for about 40 years as a worker bee (non-management). Retired in 2020 after waiting for a vrif or irif package that I was never eligible for ( for one reason or another). So I left on my own accord (at 62). Best thing I ever did. Even back then the writing was on the wall. Carl had already taken over the CEO and board and it was only a matter of time. I know I was lucky but also calculated health subsidies at a lower income and had a few $$ put away just in case. Yes, I was an oldtimer with a pension and 401k. But its been 6 years and i havent touched either. If your young get that resume updated (by a professional if necessary, they have contacts you dont). If your old enough, Don't wait for the package, you may wind up with nothing. Bankruptcy will likely effect any pension payouts. BTW, if your in the US the best investment is your HSA. No tax in or out and can invest it all. I lowered my 401k to max out HSA. Best retirement planning I did.

Did WF get rid of the employer sponsored HSA contribution?

Post your comments about the HealthEquity HSA administrative fees scam and minimum account balance 😡😠🗯️
Announced at the end of the month of October and on a Friday!

For those 65+ in the HSA medical plan. If you have to cancel your HSA contributions 6 months before you begin receiving Medicare, then you are basically giving the company 6 months notice that you will be leaving. Am I right?

Let’s talk about those emails we’ve all been getting — the ones trying to “explain” why our paychecks are about to shrink. Apparently, because there’s an extra pay period this year, instead of actually paying us for that extra period, the company decided to stretch our annual salary across 27 checks instead of 26. Translation? Every single paycheck is smaller.

For a lot of us, that’s not just a minor math adjustment. That’s bills. That’s gas. That’s food. That’s medication. We budget every dollar, and now the dollars are disappearing — all because leadership didn’t want to “overpay” their own employees for the work we already do.

And as if that wasn’t enough, they’ve slashed the company’s contribution to our Health Savings Accounts too. It used to be $1,200 a year — now it’s $900. And you only get that full $900 if you match it yourself. So not only are they giving less, they’re making you pay to get it.

The timing couldn’t be more insulting. After docking our AIP bonuses this year — supposedly to “balance finances” — they somehow found room for executive bonuses that skyrocketed into the millions. The president’s pay alone reportedly doubled to over $25 million. So while the rest of us are watching our paychecks shrink, the top is cashing in on the sweat and exhaustion of the people who actually make this company run — the nurses, techs, and support staff who show up every day and take care of our members like they’re family.

And let’s not forget the cherry on top: instead of loading that $1,200 HSA at the start of the year when we actually need it, they’re now dribbling out $33 per paycheck. That’s $66.66 a month. I’m sorry, but I don’t need to see that number show up in my account every month — it’s bad enough without the symbolism.

We’re the ones carrying this company — not the executives, not the board, us. The ones working short-staffed, fielding calls, and doing the impossible day after day. And the thanks we get? Smaller paychecks. Less help. Less respect.

They tell us to “remember the bigger picture.” Well, here’s the bigger picture: without us, there is no company. No record profits. No executive bonuses. No “success stories.”

So here it is — loud and clear: stop taking from the people who keep you afloat. Stop cutting from the bottom to feed the top. You can’t preach “member care” and “employee appreciation” in the same breath you’re docking pay and slashing benefits.

We see what’s happening. We’re tired. And we’re done staying quiet about it.

How much are they going to gouge us for? Rumor has it costs are astronomical this year… aging workforce and all. I’m guessing a 50% increase in premiums and a cut to their HSA contributions.

What do you think?

For those laid off, what did you do with your HSA funds? Did you rollover to somewhere else with no fees?

You can add additional funds to your HSA, above what you may have withheld, and transfer them to an investment account. Granted the investment account options from HSA Bank are limited but after separation from the company you can transfer those funds to Fidelity or some other account where you have a lot of investment options. This money is yours to keep and grows tax free and is not taxed on withdrawal IF used for allowed medical expenses.
When taking early retirement in 2018 my account was $53000. I paid Cobra health insurance premiums and later my Part B Medicare premiums using the HSA. Now in 2025 my HSA balance has grown to $90000 despite these significant withdrawals. (Note that withdrawals for normal health insurance premiums such as Obamacare or supplemental Medicare insurance premiums are not tax free.)
If you absolutely need the money you can withdraw it and pay the taxes, you are free to use it as you see fit.

Ok so I'm in severance after thankfully being offered the vrp. I just received a notice from fidelity that the took an overpayment from my hsa in the amount of 37.11. Call if you did not authorize this. Some to both fidelity and pay and benefits. Nobody can give me a straight answer. 2 tickets have been opened. That can't confirm an overpayment, don't know how much it is but feel they won't take any more money. Also stated it was an error that effected 24k employees. Ok, all of my hsa is pre tax $. My pre tax dollars. I have consistently had the same amount which I specified for 2025. First this is a violation of nys labor law. Gotta go call the department of labor now and file a formal complaint.