Health Savings Accounts (HSA)

- Health Savings Accounts (HSA)
  - Posted by jbogey
  - on July 2, 2008 5:46 PM EDT
  My client wishes to deposit $2,500 annually into an HSA with no intention of using the funds for qualified medical expenses in the next 5 years. My client is unhappy with bank fees and low rates of return. Does anyone know of any other investment options for HSA's?
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- Re: Health Savings Accounts (HSA)
  - Posted by raj
  - on July 2, 2008 6:04 PM EDT
  Hi jbogey,
  
  I have no direct affiliation with this firm, except for usign them as a custodian for some my clients...
  
  http://www.trustetc.com/new/types-of-retirement-plans/health-savings-account.html
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- Re: Health Savings Accounts (HSA)
  - Posted by Tad Borek
  - on July 2, 2008 7:45 PM EDT
  - Edited on July 2, 2008 7:45 PM EDT
  Unfortunately for low-balance accounts the fees are going to be an issue. I've used www.hsabank.com for years and that's about as low as I'm aware of. For investments, http://www.hsaadministrators.com/ at least offers Vanguard funds, but the admin fees are going to be kind of steep for a $2500 account.
  
  -Tad
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