HSA – Health Savings Account Providers

I am a huge believer in Health Savings Accounts. They offer some of the best tax advantages in our US financial system.

Everyone is getting older. Health care is getting more expensive each year. An HSA is a great way for an individual or a family to plan ahead. Your future self will thank you for putting money aside today for future medical expenses.

To learn about the basics of a Health Savings Account check out this article here.

To learn about how to invest within a Health Savings Account check out this article here.

If you are an employee, your employer may offer you an HSA provider and allow you to auto withdraw money from your check and deposit that money into your HSA just like a 401k. Speak with your HR profession about those options.

Right now I want to talk to you about HSA providers. They are not all created equal. Each one has different fees. Different minimum cash requirements. Different investment options.

You want to choose a provider that offers:

– Low or no maintenance fees

– Low or no investment fees

– Low cash maintenance requirement

– Lots of investment options: stocks, bonds, ETFs

– Ability to easily withdraw or spend the HSA funds for medical expenses

– How to reimburse out of pocket expenses

Do your research before you make a selection, because you are going to have this account for a long time.

Health Savings Account providers:

– Fidelity

– HSA Bank

– HealthEquity