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As was communicated during Open Enrollment, Fidelity will become UVA's administrator for Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs) beginning Jan. 1, 2023.

Here are some important reminders about UVA's transition to Fidelity for HSAs and FSAs:

• If you have a 2022 HSA with Chard Snyder, you have a one-time opportunity to transfer those funds to Fidelity as part of a bulk transfer.
  • For UVA to transfer your funds to Fidelity, you will need to complete this Electronic Consent Form no later than Jan. 13, 2023. (This is a different form from the HSA Terms & Conditions form you may have signed in Workday during Open Enrollment.)
  • There is no fee to participate.
  • The bulk transfer will take place from Feb. 12 to March 2, 2023. You will not have access to your 2022 HSA funds during this time.
• All 2023 HSA contributions, including the employer contribution, will be sent to Fidelity after you receive your first paycheck in January.

While participating in the bulk transfer is optional, please note that if you choose to keep your 2022 HSA funds with Chard Snyder, Chard Snyder will charge a $4 monthly administrative fee to keep your account open, beginning April 2023.

For more information and FAQs on the transfer to Fidelity, please visit the HR Benefit Savings Account Transition to Fidelity webpage.