An in-kind transfer allows you to move your Health Savings Account (HSA) investments directly from one custodian to another, without selling them first. This means your assets are transferred “as-is,” avoiding the need to liquidate and reinvest.
In-Kind transfers are available through Schwab’s Health Savings Brokerage Account (HSBA) investment option. An In-Kind transfer is separate from a trustee-to-trustee or rollover transfer, and will only transfer the funds that are invested. To complete an in-kind transfer into Schwab through Lively, your current HSA provider must support electronic transfers via Automated Customer Account Transfer Service or ACATS. If your provider does not support in-kind transfers via ACATS, you will need to liquidate your invested assets and transfer them using the trustee-to-trustee or rollover method.
If you have any questions about the investments you wish to transfer, we recommend you contact your investment provider directly.
To begin the process:
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Confirm your HSA provider supports electronic in-kind transfers via ACATS.
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In your finalized Lively account, navigate to the "Investments" section of your dashboard and open a new Lively affiliated Schwab account. Schwab accounts typically finalize within 1-3 business days, at which point you will be notified via email.
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After you receive email confirmation of your finalized account, please download and complete the In-Kind Transfer Form.
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Section 2: Enter your new Lively-affiliated Schwab account information. This information can be located in the "HSA Details" section of "Account Settings" in your Lively account.
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Section 3: Enter your existing account information for the HSA affiliated investment account you would like to transfer to Lively.
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Ensure the investment account you are transferring from is affiliated with an HSA in your name, and check the box accordingly to confirm the account type is a Health Savings Account.
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Complete Section 4 with the necessary information for your existing assets you wish to transfer.
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Sign and date the form after it's been filled out, and submit this form along with your most recent account statement to Lively via the Secure Messages portal in your account.
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We will work with Schwab to process this transfer and notify you via email once completed. If any additional information is necessary, we will proactively reach out to you.
If your existing investment account is not affiliated with an HSA in your name, an In-Kind transfer cannot be processed as HSAs are individually owned per IRS guidelines
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