1/31/2024 0 Comments Myaccounts hsabank com![]() Also posted this in the 'Ask a Mustachian' forum ( (hsa)/), but may be relevant for Investor Alley īut they don't go into all the fees associated.Īny personal experience with HealthEquity, HSAbank, or HSA administrators is greatly appreciated. Here is a link from Bogleheads talking about the different options. They also have a quarterly mutual fund custodial fee ($0.80 per $1000, with a max of $16) on top of the fund management fee (standard Vanguard fee). HSA administrators charge an annual $45 fee (never waived). Not sure what other fees there are for trading through TD platform. There is also a $3.00 a month 'investment' fee, not sure if this is if you choose to have your direct deposit automatically invested (this is also waived if you have > $5000). Some options I've come across are or (direct link from Vanguard - so you know it HAS to be SHOULD be legit!)Īt HSAbank they charge a $2.50 monthly fee if you have less than $5000. broad investment opportunities (low fee again) low/no costs/fees for low balance (until I build it up) I don't see any other fees associated with the HealthEquity account. I can invest at HealthEquity with these options ( ), but I get charged some serious fees ($0.33 per $1000 per month) if I want to invest in the Vanguard funds. I am definitely going to open this to get the contribution, but I am thinking of opening a different HSA account through another provider. ![]() My employer funds $1100 into my HSA automatically (their HSA provider is HealthEquity, ).Īt HealthEquity I have to keep the first $2000 in their cash/savings account that pays 0.05% APY. and other countries.I am going to sign up for my employer HDHP and HSA. App Store is a service mark of Apple Inc., registered in the U.S. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. Google Play and the Google Play logo are trademarks of Google LLC. Please contact your plan administrator with questions about enrollment or plan restrictions. Please contact a legal or tax professional for advice on eligibility, tax treatment, and restrictions. Federal and state laws and regulations are subject to change. This communication is not intended as legal or tax advice. HSAs are subject to eligibility requirements and restrictions on deposits and withdrawals to avoid IRS penalties. nor ConnectYourCare, LLC is a bank or an FDIC insured institution. Health savings accounts (HSAs) are individual accounts offered through Optum Bank®, Member FDIC, or ConnectYourCare, LLC, an IRS-Designated Non-Bank Custodian of HSAs, each a subsidiary of Optum Financial, Inc. Optum Financial and its subsidiaries are not broker-dealer or registered investment advisors and do not provide investment advice or research concerning securities, make recommendations concerning securities, or otherwise solicit securities transactions. Orders are accepted to effect transactions in securities only as an accommodation to HSA owners. Brokerage services are offered to certain accountholders through TD Ameritrade, Inc., Member FDIC/SIPC and a subsidiary of The Charles Schwab Corporation. The Schwab Health Savings Brokerage Account is offered to certain account holders through Charles Schwab & Co., Inc., Member FINRA/SIPC. Discretionary advisory services are provided by Betterment LLC, an SEC-registered investment adviser, with associated brokerage transactions provided by Betterment Securities, Member FINRA/SIPC. Self-directed mutual fund investment options are made available through the services of an independent investment advisor, or your plan sponsor. These have been selected to offer a broad and diverse range of investment objectives, with high Morningstar ratings and some of the lowest expense ratios in the industry. You may choose from among a number of pre-selected mutual funds from nationally recognized fund families. I have some investment experience and prefer mutual funds. Once you answer a few brief questions about your investment goals and priorities, Betterment will build a personalized portfolio of exchange-traded funds (ETFs) with investment mixes and risk levels that are suitable for you. Betterment is an independent online investment advisor and combines low-cost, tax-efficient investment strategies with technology and personalized advice to help you pursue your financial goals. You may choose to have Betterment manage your investment funds. I want help investing and don’t want to spend a lot of time managing my portfolio. You can choose to invest based on how experienced you are and how involved you want to be in selecting your investments. You currently have diverse investment options in your HSA, including self-directed mutual funds and digitally managed investments from Betterment.
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