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TitleEBD Alert - HSA Transfer Fee Update
Date12/15/2016
Additional Info

EBD Alert – December 15, 2016
HSA Transfer Fee Update

During the State and Public School Life and Health Insurance Board meeting on Thursday, December 15, 2016, the Board heard a recommendation for the plan to pay the $16 transfer fee that is being charged to employees transferring their Health Savings Account (HSA) balances from WageWorks to DataPath.

The Board did not vote on the recommendation, and in an effort to protect both the member and the Plan from having to pay the fee, has decided to seek the opinion of the Office of the Attorney General as to what legal options may be available.

Once the Office of the Attorney General has had the opportunity to provide their legal opinion, more information will be available regarding the status of the fee.

Thank you,
EBD Communications