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How to Close Fidelity HSA?

Published November 2, 2023

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Short answer: You can close your Fidelity HSA by logging in, navigating to the HSA account section, selecting the option to close, and following on-screen instructions, but consider losing HSA tax benefits.

Steps to close a Fidelity HSA

Wondering how to close your Fidelity HSA account? Closing a health savings account (HSA) with Fidelity is a straightforward process that requires a few simple steps. Here are the steps to close your Fidelity HSA account:

  • Log in to your Fidelity account
  • Navigate to the HSA account section
  • Locate the option to close the account
  • Follow the on-screen instructions to initiate the closure process

By following these steps, you can successfully close your Fidelity HSA account. Remember to consider the implications of closing your HSA, such as losing the tax advantages associated with HSA contributions.

Considerations before closing your HSA

Are you thinking about closing your Fidelity HSA account? It's a simple process if you follow these easy steps. First, log in to your Fidelity account, then navigate to the HSA account section. Once there, locate the option to close the account and follow the on-screen instructions to initiate the closure process.

However, before proceeding, it's important to weigh the pros and cons. Closing your HSA account may mean losing certain tax benefits that come with having an HSA, such as tax-free withdrawals for qualified medical expenses.

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