Personal Finance (Not Investing) • Transferring out Optum HSA funds to Fidelity while remaining employed

I've transferred HSA funds out of Optum to Fidelity in the past when I've changed jobs, but never while I was employed.

I've heard a few people at my workplace mention the option to periodically transfer the HSA funds out of Optum to Fidelity, while keeping the Optum account open and contributions continuing.

I don't plan to spend the HSA funds anytime soon, currently I have my HSA contributions being invested into a low cost S&P500 index fund at Optum. Currently there is about 40k in the Optum HSA account and I contribute up to the family limit each year

I don't really have any problems with Optum, however in the past I remember it taking them weeks to liquidate the account and transfer out the funds in cash. And at the time I remember trying to call to get status updates and they "couldn't talk to me about my old account" because I was no longer an employee at that employer. So I'm wondering if it's a good idea to periodically empty out the account and send it over to my HSA at Fidelity

Beyond that I don't have a reason to want to move the funds out of Optum, just curious if anyone else does a regular transfer out of their HSA while employed and what the experience and gotchas have been with that?

Thanks for reading

Statistics: Posted by drumboy256 — Sat Nov 15, 2025 11:12 pm — Replies 11 — Views 2281