The Money Mustache Community
Learning, Sharing, and Teaching => Ask a Mustachian => Topic started by: VioletVixen 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.
-
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.