Divorce / HSA division

[Kimcole]

Divorce was finalized Nov ‘24 ex held insurance and HSA.  Per degree 1/2 of HSA is mine, roughly $33,000.  I am 56, work about 12 hours a week, $17 an hour.  I do not have a high deductible Insurance policy.  I do have some government coverage.  Optum holds HSA.  They won’t even talk to me to direct me.  I’m at a loss and don’t see a way to get my money

[Bsch4477]

When presented with a divorce settlement stipulating the transfer of half of the account and any required transfer paperwork the financial institution must create an account in your name with the transferred funds. Try talking to a supervisor or manager before asking your attorney for help. 

[rjs]

I'm not an expert on this, but I believe that half of the money in your ex's HSA has to be transferred to a new HSA in your name. You first have to open your own HSA. Optum probably has a form for transferring the money, and probably you and your ex both have to sign the form.

You don't have to keep your own HSA with Optum, but they might require you to open an HSA with them in order to do the initial transfer. You could then transfer it to any other trustee that you choose.

Once you open an HSA with Optum, they will, of course, talk to you. But your ex has to initiate the transfer. If you have trouble getting this done, or your ex is uncooperative, ask your divorce lawyer for help.