Long story short, the company I work for makes ~$400 of contributions over the course of the year (paid biweekly) but they require those funds to be deposited into an account at our company (bank). That balance only earns 0.05% and I don't have the option to invest it.
I was wondering if I could open an HSA at another firm (Fidelity, Schwab, etc) and make contributions that way (so that I can invest the funds). I know that the contribution limit would apply to the sum of both accounts but am I okay to do this? The contributions to the second account would initially be after tax since I'd be contributing on my own so would I get a form come tax time so that I get the triple tax benefit?
Anything else that I am forgetting? Sounds like moving the funds from one account to the other might be a pain but I don't mind doing it just once a year. Thank you in advance for your advice!