Are You Searching for the Ideal HSA Account of 2024? Look No Further. Competition among providers has increased significantly in recent years and makes opening or switching HSAs an appealing prospect. HSA funds are portable allowing individuals and families to move money from underwhelming employer-sponsored HSAs easily into more suitable offerings at any time if necessary. In this article we compare and rank some of the best individual and family HSA accounts available today outside employer sponsorship, including fees, investment options, pros & cons of each.
Lively, Fidelity and Starship (an Optum and United Health partnership), along with Bank of America reentering individual HSA account services with competitive offerings has led to an industry-wide reduction of HSA account fees as well as improvements in investment account options for individual HSA accounts in recent years. Although still far behind investment brokers – HSA accounts are becoming more consumer friendly over time.
Ranking List Criteria for HSA Accounts Consumers have their pick of hundreds of Health Savings Account providers available to them, which makes selecting an account challenging. Most HSA accounts offered by banks or credit unions limit your options for investing your savings outside their own savings and money market accounts, with few even providing HSA options at all – which leaves only online brokers like Charles Schwab offering such accounts as alternatives.
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