Does anyone know if the Health Savings Account balance is ours in case of termination? There is a component contributed by the company, which for 2021 was just deposited. Also, is that the case if we decide to leave the company, versus being let go? Thanks for any info -
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All of your HSA is 100% yours
That is your money. Do not worry about it .
I think the question was related to the yearly contribution 1600 added for family and 800 for single if you are laid off this quarter. Will they remove some to prorate for leaving early , I doubt but I think that is what the question was intended at.
It's yours. For those going to NewCo it does not transfer... You'll just start a new one at the new company.
Disclaimer though - When Lenovo bought the PC Division, IBM continued to manage the payroll, Medical and overall HR functions for a couple of years contractually. You could see that with NewCo which could change my first comment.
HSA is cut and dry yours.. Big question is anyone with an FHA (future health account) going to NEWCO does it transfer with them. It hasn't been announced yet. Any speculation on FHA's is just a guess at this point.
You do. Your HSA is simply your saving account... but you can deposit $ pre-tax into it. It’s 100% yours.
All money vested by IBM or contributed by you in any of your accounts is yours. The only things that IBM might request back is your first year sign on bonus (that's if you quit, I recall my manager talked to legal and said that if you're RAed, you can keep it) and any relocation (but I've heard that IBM barely pays for relocation lol).
As far as I know, yes. You definitely take your HSA with you. I don’t see why IBM would reneg on funds they already deposited into your account at the beginning of the year.