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Here's some reading for you:

• https://thefinancebuff.com/how-to-rollover-an-hsa-on-your-own-and-avoid-trustee-transfer-fee.html

I wanted to do this as well. My employer uses HealthEquity HSA and I have a Fidelity HSA. I did a one time transfer imitated from Fidelity. Unfortunately HealthEquity messed it up and ended up transferring everything and closing my account. It was a pain trying to get it opened back up so that my paycheck contributions could continue.

Anyway, you can do it without any tax penalty. The safest way is to go online to Fidelity and ask them to initiate the transfer. You can in theory do that as often as you wish

Yes it's possible, you can open an HSA anywhere in addition to the one through your employer.

However, you should always contribute via payroll when possible to avoid FICA taxes. Sometimes you can convince your employer to deposit your payroll HSA contributions to the account of your choice, but most of the time you have to use theirs for that method of contributions.

In that case you will need to transfer regularly from your work HSA to your preferred one. Two ways to do this:

1. Trustee-to-trustee transfer. This is similar to transferring money from one bank account to the other. It goes directly, and the IRS places no limit on how much you do this per year. However, some HSA providers charge a fee for this, so avoid it in that case and instead do:

2. Indirect Rollover. You manually withdraw the funds (via transfers/checks) and then deposit it into your preferred HSA, and fill out some forms. This doesn't cost fees, but the IRS only lets you do it once every rolling one year period.

Thank you for replying. That's my fear as well, if I move to Fidelity whether the contributions will get affected

Thanks for replying. Great advice

Thanks for replying

Leave $1 behind so they don't close the account.

Make sure to read your employers fees. Mine charges for the rollovers, so I do mine once a year. It sucks, but still cheaper than their monthly fee to invest.