HSA Consolidation Process
If you enroll in a High Deductible Health Plan with Health Savings Account (HSA plan) for 2026 with a new administrator (UHC/Optum Bank or Premera Blue Cross/Optum Financial), a new HSA will be opened with the bank associated with your 2026 HSA medical plan and 2026 funds will be deposited into the new HSA Bank. If you have a current (2025) HSA account with a different administrator, you may want to consolidate the accounts to help more easily manage your qualified medical expenses.
To ensure all 2025 HSA contributions have been posted to your prior HSA, do not move funds to your new HSA prior to January 2026.
Here's some additional information and scenarios to help you determine how to consolidate your HSA accounts.
Required steps for consolidating an HSA account
- Transfer: A transfer is when the funds move directly between accounts. The funds are sent from the prior HSA administrator directly to the new HSA administrator to be deposited. Transfers are not reported on taxes because the funds never leave HSA status.
- Rollover: A rollover moves funds from one account to another, but the funds are sent directly to you to send to the new HSA administrator. After you receive the funds, you have 60 days to deposit them into the new HSA account to avoid taxes or penalties. Rollovers are limited to once per year.
- You must ensure you have an open account with Optum Bank (UHC) or Optum Financial (Premera Blue Cross) before initiating a transfer or rollover. You will receive a welcome letter which will indicate your account is open.
- Before moving funds into your new HSA account, you must liquidate (close) any investments from your prior HSA account.
- The transfer or roll over process can take up to 4-6 weeks, during which you will not have access to the funds in the account you are closing.
- To ensure all 2025 HSA contributions have been posted to your prior HSA, do not move funds to your new HSA prior to January 2026.
- Please keep in mind that your prior HSA administrator may charge a fee to close out the account and transfer the funds
For UHC plan members
- If you are a new enrollee with UHC/Optum Bank, an HSA account will be opened per your consent during the open enrollment process. You will receive a Welcome kit and Debit Card once the account is fully opened.
- For UHC/Optum Bank accounts, you can click here to access the transfer/rollover form that can be used to consolidate a previous HSA account into your Optum Bank account. Please check with the HSA bank that you are transferring funds from to ensure you are using the correct form.
- If you have any questions about the process, you can contact UHC HSA customer service at (800) 791-9361, 24 hours a day, 7 days a week
For Premera Blue Cross plan members
- If you choose Premera Blue Cross/Optum Financial, an HSA account will be opened per your consent during the open enrollment process. You will receive a Welcome kit and Debit Card once the account is fully opened.
- For Premera Blue Cross/Optum Financial accounts, you can click here to access the transfer/rollover form that can be used to consolidate a previous HSA account into your Optum Financial account. Please check with the HSA bank that you are transferring funds from to ensure you are using the correct form.
- If you have any questions about the process, you can contact Premera Blue Cross at (866) 358-2300, Monday - Friday 5 a.m. – 8 p.m. Pacific.
Provider Contacts
UnitedHealthcare
Locate an In-Network UHC Medical Provider
Locate an In-Network UHC Behavioral Health Provider
Existing UHC Members:
myuhc.com
Toll Free: (800) 791-9361
Group #222244
Hours: 24 hours a day, 7 days a week
UnitedHealthcare mobile app is available in the Apple App or Google Play Store
Premera Blue Cross
Locate an In-Network Premera Blue Cross Medical or Behavioral Health Provider
Existing Premera Blue Cross Members:
www.premera.com/T-Mobile
Toll Free: (866) 358-2300
Hours: M-F 5 a.m. – 5 p.m. Pacific
Premera Blue Cross mobile app is available in the Apple App or Google Play Store