Author Topic: HSA Showdown! Health Savings Administrators vs. HSA Bank  (Read 2589 times)

VioletVixen

  • Stubble
  • **
  • Posts: 121
HSA Showdown! Health Savings Administrators vs. HSA Bank
« on: February 15, 2015, 02:37:56 PM »
Between Health Savings Administrators and HSA Bank, which HSA custodian is your favorite/preferred, and why? I am planning on continually transferring contributions from my employer's high-fee custodian (HealthEquity) to one of these, but I want to know which of the two is better/lowest cost. Also, how often should I transfer from HealthEquity to the lower-fee HSA? My employer contributes $500 twice a year (once in Jan, once in July) and I will be making contributions bi-weekly from payroll deduction.

MDM

  • Walrus Stache
  • *******
  • Posts: 9853
Re: HSA Showdown! Health Savings Administrators vs. HSA Bank
« Reply #1 on: February 18, 2015, 02:09:19 PM »
See http://whitecoatinvestor.com/choosing-an-hsa-provider/ for a good review of HSA plans offered by the providers listed below. 

The article generally recommends
     HSA Bank or Fidelity HSA

It also covers
     HSA Administrators
     Alliant Credit Union
     Stanford Federal Credit Union
     Wells Fargo
     Adirondack Trust
     Lake Michigan Credit Union
     Bank of the Sierra

Any of the above might be "best" for someone, depending on one's specific plans for an HSA.

Also, the article is a couple of years old so things may have changed.  If anyone knows of a material change, let us know.