Author Topic: HSA fidelity  (Read 133 times)

Case

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HSA fidelity
« on: March 20, 2017, 07:33:54 PM »
This seems like a no brainer, but let me run this by you:

Previously my employer had my HSA in Health Equity, which is a terrible HSA provider so I switched it to Health Savings Administrators (total fees per year are >$50), which allows my to invest in VTSAX.
However, my employer switched to Fidelity, and the employer covers all of the HSA maintenance fees.  Thus, I can switch my money into the Fidelity VTSAX equivalent for free.

So, my plan is to switch it all; I'm not missing something, am I?

Frankies Girl

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Re: HSA fidelity
« Reply #1 on: March 20, 2017, 08:53:50 PM »
Unless you incur fees to sell off that your employer may not cover? But even then it's likely a small amount overall and a one time thing?

I don't see an issue with going all in on the Fido index funds that are comparable with Vanguard's index funds since you'll end up with no transaction fees for holding Fido native funds. Holding Vanguard (or any other one usually) means you might be charged an additional fee for transactions (on top of the expense ratio).

Just in case you hadn't seen this: https://www.bogleheads.org/wiki/Fidelity
I frequently have no idea what I'm talking about. Like now.

FIREd as of: March 6th, 2015!

Case

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Re: HSA fidelity
« Reply #2 on: March 21, 2017, 06:00:25 AM »
Unless you incur fees to sell off that your employer may not cover? But even then it's likely a small amount overall and a one time thing?

I don't see an issue with going all in on the Fido index funds that are comparable with Vanguard's index funds since you'll end up with no transaction fees for holding Fido native funds. Holding Vanguard (or any other one usually) means you might be charged an additional fee for transactions (on top of the expense ratio).

Just in case you hadn't seen this: https://www.bogleheads.org/wiki/Fidelity

There are buy fees at fidelity but not for the fidelity funds, I don't think.  In terms of selling fees, there is probably an account closure fee for the prior HSA but I think it's just a one time $25.