How to Close HSA Investment Account BenefitWallet?

Closing an HSA investment account with BenefitWallet is a simple process that requires a few steps to ensure a smooth transition. Here's a guide on how to close your HSA investment account with BenefitWallet:

Contact Customer Support:

Reach out to BenefitWallet's customer support team either via phone or online to initiate the account closure process. They will guide you through the necessary steps and provide any additional information you may need.

Review Investment Holdings:

Before closing your HSA investment account, make sure to review your investment holdings and understand any potential implications such as tax consequences or fees.

Submit Closure Request:

Once you are ready to close your HSA investment account, submit a closure request to BenefitWallet. This can usually be done through your online account portal or by contacting customer support.

Transfer Funds:

Before closing your account, transfer any remaining funds to your regular HSA account to avoid any penalties or taxes.

Verify Closure:

Finally, verify with BenefitWallet that your HSA investment account has been successfully closed and confirm that all necessary steps have been completed.

Closing an HSA investment account with BenefitWallet can seem daunting, but it’s a straightforward process. Just follow these easy steps to ensure your account is closed correctly.

Contact Customer Support:

Begin by reaching out to BenefitWallet's friendly customer support team. You can contact them by phone or online, and they’ll be more than happy to assist you with every step of the account closure process.

Review Investment Holdings:

Before you close your HSA investment account, take a moment to review your current investment holdings. Understanding any tax implications or potential fees will help you make informed decisions moving forward.

Submit Closure Request:

Ready to move forward? Simply submit a closure request. This can typically be done through your online account portal, or with the assistance of customer support to ensure nothing is overlooked.

Transfer Funds:

Be sure to transfer any remaining funds into your regular HSA account to avoid unnecessary penalties or taxes that could arise from leaving funds in the investment account.

Verify Closure:

Finally, once you’ve completed all the necessary steps, verify with BenefitWallet that your HSA investment account has been successfully closed. This will give you peace of mind that everything is in order.