Author Topic: HELP need HSA provider advice!  (Read 1243 times)

CogentCap

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HELP need HSA provider advice!
« on: January 19, 2018, 11:16:34 AM »
Time to open an HSA for long-term investing!  This should be easy, I thought.  NOPE NOTHING IS EASY OMG

I poked around on various forums, and it sure seemed like HSA Bank was the way to go--until I learned that they ditched their Vanguard funds and now only have expensive, actively-managed stuff.

So I looked at Vanguard's site, and the only two providers they link with as offering their funds are HealthSavings Administrators and Health Equity.  I poked around on those two, totally ready to sign up somewhere--and find that they have the highest fees of all.

So I look at one of the lower-fee options, Saturna, and discover they only handle super-expensive actively traded funds.

Wtf.  I am not good at figuring this stuff out.  Surely people around here have solved this already?  Can someone please share some wisdom  here?  I have no idea what I'm doing anymore. 

(If my intentions for the HSA aren't clear, it's to pile money in there and leave it in there for probably several decades.)

THANKS YOU GUYS

MDM

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Re: HELP need HSA provider advice!
« Reply #1 on: January 19, 2018, 12:43:32 PM »
See also this thread: HSA

blub

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Re: HELP need HSA provider advice!
« Reply #2 on: January 19, 2018, 12:49:59 PM »
I just went through the same sort of research process and I landed on Saturna.

Quote
So I look at one of the lower-fee options, Saturna, and discover they only handle super-expensive actively traded funds.

Saturna has an option for a "self-directed brokerage account" in which you can hold Vanguard mutual funds, but there is a fee per trade (something like $25) or an annual inactivity fee (something like $15 or $25) if you make no trades. Beyond that I think there are no "maintenance fees", so it's ~$25/year total for you if you do zero or one big investment per year.

Some of the pages that helped me make my decision:

https://www.bogleheads.org/forum/viewtopic.php?t=207051
https://forum.mrmoneymustache.com/investor-alley/best-hsa-hsabank-vs-hsa-administrators/
https://www.hsasearch.com/hsa_providers/saturna-capital/ (particularly the comments, see the comment by "Zauron")

CogentCap

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Re: HELP need HSA provider advice!
« Reply #3 on: January 20, 2018, 10:31:09 AM »
Thanks guys!  This is very helpful.  I appreciate the input!

MVal

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Re: HELP need HSA provider advice!
« Reply #4 on: January 22, 2018, 08:58:30 AM »
I just went through the same sort of research process and I landed on Saturna.

Quote
So I look at one of the lower-fee options, Saturna, and discover they only handle super-expensive actively traded funds.

Saturna has an option for a "self-directed brokerage account" in which you can hold Vanguard mutual funds, but there is a fee per trade (something like $25) or an annual inactivity fee (something like $15 or $25) if you make no trades. Beyond that I think there are no "maintenance fees", so it's ~$25/year total for you if you do zero or one big investment per year.

Some of the pages that helped me make my decision:

https://www.bogleheads.org/forum/viewtopic.php?t=207051
https://forum.mrmoneymustache.com/investor-alley/best-hsa-hsabank-vs-hsa-administrators/
https://www.hsasearch.com/hsa_providers/saturna-capital/ (particularly the comments, see the comment by "Zauron")

Any idea on which Vanguard funds you're allowed to hold through Saturna's self directed account?

MVal

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Re: HELP need HSA provider advice!
« Reply #5 on: April 09, 2018, 09:52:44 AM »
So....I finally got my old HSA account moved from the old bank custodian (my employer stopped using that bank for HSA accounts, anyway) to Saturna. It was kind of a pain with the paperwork, but not bad. Anyway, my funds became available and I just put in an order for 10K worth of VTSAX mutual fund! I am so excited to finally have this amount going to work for me.