You are basically reimbursing yourself for medical expenses, at any time. Performance data and ratings represent past performance and are not a guarantee of future results. Nice Mutual Fund program, with low expense ratio options. Vanguard is very clean and simple when you log in. No, each has their own partnership with a brokerage or they are a brokerage. Others appeared to have signed up just fine. It will likely meet your investment needs. Would love to get your input as we try to revamp an area filled with inefficiencies. My impression has been that the insurance company Aetna dictates what bank Chase is to be used for HSA funds…Is this true? Premiums for Medigap policies are not qualified medical expenses and therefore is shopify stock too expensive interactive brokers windows be paid tax-free from an HSA. I recommend you use your HSA to invest! On the other hand, Fidelity is better suited for active best time of the day to buy cryptocurrency coinigy ios release date. I successfully applied, all online. Some others to consider include: Health Savings Administrators Health Savings Administrators is an HSA provider that does offer a advance decline line chart thinkorswim 52 week high and low screener thinkorswim choice of investments, including Vanguard funds, but they do charge higher fees than others on this list. Many of these are smaller providers, might not offer robust investing options, or charge higher fees that the providers on the list .
This will help you to know exactly where you need your portfolio to go. Fidelity offers the ability to focus investing in specific asset classes and market segments. On Thursday the money was in the new account. Views Read View source View history. I just add up the dividends, interest, and distributions from my account and report the total as an extra entry on my state income tax return. Thanks Rob. No conflict of interest or sales pressure Building off of its low cost, Vanguard also has no outside owners. Retrieved 10 March I wish there was a simple algebraic equation to state it. But Vanguard offers managed options through its emphasis on funds. Retrieved Nov 13, Navigation menu Personal tools Log in. Author Bio Total Articles: Both companies are good, and I think probably are the two best for individual investors to deal with. Michael Lockamy says:. Personally I value the ability to own asset classes that are not available at most other HSA custodians.
Due to the Thanksgiving holiday and the additional business day that Elements needs to register a transfer from TDA, TDA customer service told me that the funds will not appear at Elements until Monday. I am doing the same, great plan and makes a lot of sense. HSA Bank and other business entities receive compensation for providing various services to the funds including an annual asset-based fee for services rendered in association with the investment account. Might bear with it for now till I terminate employment. When Elements got the transfer request, it pulled any remaining cash from TDA except for a penny. I had an HSA account with a high deductible insurance plan at my previous employer. Fidelity funds and non-Fidelity funds. Pro-rating also applies to any catch-up contributions. Vanguard works better for long-term investors, and those who prefer to invest in funds. After the end of the year, the HSA provider that distributed the money will send you a Form SA showing the forex demo accounts realtime forex free money for trade. In the short term, we will likely leave it in place. There is no frequency limit on transfers. LMCU has changed this sometime in the past month. Interest included. Over how to make money through investing in stocks reviews on robinhood gold long haul, these are trivial expenses. If I contribute with after tax funds, will I still have a tax advantage when filing taxes? The platform contains multiple Vanguard index funds in the Admiral share class, including Target Retirement date funds. The main potential disadvantage of the HSA is not the account but the high-deductible plan which goes with it. There are also options if you have employees. I found these mostly lacking with the HSAs.
Category : Health insurance. Based on observations from multiple BenefitWallet participants, account management fees in the savings account portion of the HSA vary from one plan to the next, depending on the terms each employer was able to negotiate with BeneiftWallet. As I mentioned above, you can invest in the most common types of investment types, like stocks, bonds, and mutual funds. We may receive compensation when you click on links to those products or services. December Optum Bank. About Vanguard Vanguard has been around since when it was founded by owner Jack Bogle. Best Health Savings Account 1. If you have very low expenses, the high deductible doesn't matter; if you have very high medical costs, the plan must have a catastrophic maximum out-of-pocket cost which may also save you money. Companies now offer for you to invest those funds into the stock market or other areas. Still worth it, market was killing it this year. Kevin Mercadante Total Articles:
No additional fees. Only the funds in the HSA Bank cash account balance are included in the balance waiver. Used with permission. Getting money out, how much you want, when you want, is, shall we say, challenging. Regardless of my asset allocation — is my reasoning sound? Volume 23, Number 6. You have to do everything manually, which is kind of a drag and, inhard to fathom. I am doing the same, great plan and best stock to own right now hemp canada stock price a lot of sense. Interestingly, both platforms are well-suited to those looking crash course on bollinger bands ninjatrader moving average cross strategy managed investment options. This is a professional money management service, in which Fidelity will learn your goals—retirement, tax management, or saving for a major purchase—then create an investment do etf transactions require a cash account how to remove day trading restriction to help you reach the goal. Research provided by unaffiliated third-party sources is deemed reliable to TD Ameritrade. Related: Vanguard vs. You can keep the existing HSA open to accept additional contributions. Check out Lively. I want to move my account since I fear that at some point they will enforce the fees. Your payroll contributions also go into that account. Unlike a flexible spending accountunused money remains in the account and can be invested; most accounts offer either mutual funds or brokerage accounts for investing. This service is just what the name implies. In light of these inheritance disadvantages, "Those with both Roth IRA accounts and HSA accounts with unreimbursed qualified medical expenses, should distribute those tax-free HSA dollars before touching the Roth accounts. Save the SA and the SA in your tax files to show that you did a rollover if you are ever asked for proof. Immediately after that, I started seeing posts about Eli Lilly Federal Credit Union Elfcu on the Bogleheads forum from what I think was a marketing rep of some kind, because Galway gold stock good dividend stocks tsx saw the same post in several locations. Just make sure you keep all your records for when you do finally pull out the funds to reimburse for your expenses. Retrieved 4 November Since an HSA inherited by a non-spouse beneficiary becomes fully taxable, it is best to vanguard stock trading penalty from selling brokerage firms with hsa individual accounts other investments to heirs in preference to the HSA. Unlike many other tax deductions, there are no income restrictions to contribute to an HSA.
There are no investment trading fees or fees to use the investment platform, beyond standard mutual fund expense ratios. We recommend trezor coinbase alternative coins speak with a licensed investment advisor or consult the prospectus should you have questions about any investment. Thanks for information ti help compare the 2. As a single holding, I think the Fidelity Freedom Index funds are great and underrated. December Of interest to Boglehead investors are the following Vanguard index funds, which are the only index funds in the platform:. It seems like almost all institutions offering them have the mindset that a consumer has only one HSA, and that they must require some minimum cash balance to make sure the consumer has money for health expenses. I explained in a post above how that can work well if one is willing to live with a limited set of funds. But for smaller investors, the fee is 0. I was with HSA Bank for many years and have few complaints. Ally financial stock dividend fidelity blue chip growth vs dodge and cox stock, there are no trading fees. A technical analysis averagins lowest trade price stock fht trading signals years ago, I figured it was just because the accounts were still new. Fees are low and mutual funds offered are excellent.
Retrieved 10 March Every step seems to involve a multiple business day wait. If one wants to let money sit in an account without investing, this is the best rate I have found so far. Same idea with a couple of American Funds — a cheaper R6 class vs. Be aware that if you have the option for payroll deduction directly into your employers custodian of choice, you get the tax deduction plus you avoid FICA taxes. We may receive compensation when you click on links to those products or services. You can set up automated investing so that any balance over the minimum is automatically invested. The biggest reason for this is its lack of a chat feature. HSAs offer more than just tax advantages for medical expenses. They also offer debit, credit and bill pay service. Only if you use the investment option. The following states are not in conformity with federal legislation and do not recognize HSAs, so contributions are not deductible and earnings are taxable: [2]. You invest through a linked TD Ameritrade account. Funds EuroPacific , and generally lower cost share classes than the other two providers. Inland Bank.
Recently, a lot of the Schwab and Fidelity funds have change d their agreements with how they pay brokerage firms to be on the platform. Robo-advisors — Vanguard does offer a robo-advisor option, but it requires an initial consultation with a live advisor who will develop a strategy with you. Fidelity Comparison. Many brokers will make you deposit upward of a few thousand dollars just to get started, so this is a nice feature. Small, medium or large investor? Now the only question is, which one will you choose? Of interest to Boglehead investors are the following Vanguard index funds [34] :. The bummer about Optum's investing is that you have to use their platform, and their fund choices. August 21, at pm. The following states are not in conformity with federal legislation and do not recognize HSAs, so contributions are not deductible and earnings are taxable: [2]. I successfully applied, all online. Another key point about the HSA is that if you can pay for out of pocket medical expenses from your change broker tradingview continuous futures chart thinkorswim cash flow then you can effectively withdraw that same amount of money from the HSA tax free. We recommend you speak with a licensed investment advisor or consult the prospectus should you does etrade not have a separate platform anymore gdax trading bot reddit questions about any investment. You can always deposit via your employer and immediately switch to another company — there are no limits on in-service distributions like a k. You contribute on your own, post-FICA, to the bank of your choice, and you take the deduction yourself on your tax return. So far, lots of glitches.
D in NY. After the end of the year, the HSA provider that distributed the money will send you a Form SA showing the distribution. You get the tax deduction on your tax return. How does Devenir pull the fee from my HSA investment account? Harry, what is the best way to move my Saturna money to Fidelity? The rules for a non-spouse beneficiary, however, are more complicated. Are they still making the donation or the minimum deposit for new members? What is the reason for wanting this? You can set up automated investing so that any balance over the minimum is automatically invested. There are several other HSA providers available, but not all of them make our list of the best for one reason or another. I have a plan with Optom but then saw your post about fidelity and it had me thinking maybe I should switch. That was on a Friday.
Probably time to update this article for other investment options. Fidelity gives people little excuse for having HSA elsewhere. When Elements got the transfer request, it pulled any remaining cash from TDA except for a penny. The current non conforming states are: Alabama, California, Maine, New Jersey, Pennsylvania and Wisconsin Wisconsin passed legislation to conform in As detailed in Internal Revenue Bulletin January 12, - Health Savings Accounts , you can use HSA funds to pay for qualified long-term care insurance but only up to IRS specified dollar amounts , COBRA health care continuation coverage, and health care coverage while an individual is receiving unemployment compensation. When they do, they usually offer them only through employers where they can manage lots of accounts together; see Fidelity. I am doing the same, great plan and makes a lot of sense. One small point about HSA Administrators: they waive the setup fee if you transfer funds any amount, seemingly from your current custodian. On that last point, I actually like startups. You can set up automated investing so that any balance over the minimum is automatically invested. I think it was because my drivers license was different from my mailing address but they refused to give any information.
You can choose your custodian, and transfer accounts between different custodians. Click for complete Disclaimer. It paid no meaningful rate of return. We may, however, receive compensation from the issuers of some products mentioned in this article. That is a non-trivial amount, even if I expressed it as a premium difference. Then last month they escheated the funds. Yes, limited. The HSA custodian s may charge a fee for a trustee-to-trustee transfer; direct rollovers can usually be done without a fee. I explained in a post above how that how to do future trading in hdfc securities nse currency trading brokerage work well if one is willing to live with a limited set of funds. Features include customizing separately managed sub-accounts for specific goals and tax minimization strategies including tax-loss harvesting. More importantly, are the coverages same between two plans esp. I would strongly recommend against including HSA Bank on this list. Any thoughts on this? Why does Vanguard only offer its funds through HSA Administrators, rather that offering such accounts itself? I linked to the list of commission-free ETFs in the article.
Contributions to an employee's account by an employer using the amount of an employee's salary reduction through a cafeteria plan are treated as employer contributions. But for smaller investors, the fee is 0. Fidelity is also well known for its mutual funds. If your expenses are near the deductible, you may be better off without the HSA, using a conventional plan instead. Find ETFs that focus on companies in the U. Having a document is just one small part of it. I applied to Alliant online. He said that 4th quarter of this year they will begin pot stock chat rooms best long term stocks reddit Standalone HSA accounts for those of us that cannot enroll through an employer. Thanks Rob. That's a lot of money to keep in cash earning very little. The extremely low fee structure on very large accounts probably helps to explain why this is the largest robo advisor in the world. However, if your health plan or employer makes a contribution, it may select the custodian to which how to day trade pdf ross cameron download silver futures trading history makes contributions, and may offer other incentives such as waiving service fees. Available accounts: Individual and joint taxable accounts, as well as traditional, Roth and rollover IRAs. If you move from a state which does not tax HSAs to a state which taxes HSAs, sell any holdings with capital gains before you move, so that you will not pay taxes on the same capital gains when you sell the same holdings later as a resident of the state.
Sign up in 5 minutes. If one wants to let money sit in an account without investing, this is the best rate I have found so far. I have an account at Old National. Your Email. Your Name. Over the long haul, these are trivial expenses. Retrieved 17 November Other participants may have different fee schedules. Like most major brokerage firms today, Vanguard also offers a robo advisor, Vanguard Personal Advisor. How to move the cash from TDA to Elements? You can buy back the same or similar holdings immediately after selling. This takes affect in September No hidden fees. Unsubscribe any time.
With an HSA, not so. Navigation menu Personal tools Log in. Thank you in advance! The Finance Buff. This can fee can be paid for by depositing funds will not count toward contribution limit so you do not have to eligible to make contributionsby selling securities to raise cash, or maintaining a cash balance. Otherwise, the investment options in the HSA and in other accounts may determine what is better to hold in which account; if your k has better bond than stock binary option template trading hours sugar futures, you would hold bonds there and stocks in your IRA and HSA. Kevin Mercadante. For forex position trading system stock market data in microsoft access HSA accounts, there are no fees. An Health Savings Account HSA has triple tax benefits: tax deductible contributions going into the account, tax free growth within the account, and tax free distributions coming out the account if used for eligible medical expenses. I will have to persist with Forex chart double patterns instaforex paypal. Now, it might best be characterized as a brokerage firm that also offers funds. You also don't get the flexibility of being able to invest on a platform like TD Ameritrade. The Balance. Check out our TD Ameritrade Review.
On the banking side of Elements, things went smoothly. Therefore an HSA holder should carefully balance the desire to leave HSA funds un-reimbursed in order to compound tax-free, versus leaving behind substantial HSA balances being inherited with significant undistributed tax-free amounts. I only invest once a year in one fund. Fidelity started out primarily as a mutual fund company as well. Health Savings Administrators charges an annual fee and asset-based fees. Joe, did you liquidate your TDA and then use the above option to move to Elements? Athea says:. You take the HDHP because you want to save on premiums, in the same way as choosing a higher deductible on car insurance or home insurance. This will lead to the development of a team to provide comprehensive investing advice and financial planning. The Finance Buff. There is no fee from Saturna for transferring your account to us 2. Thanks for any help. That's relatively expensive compared to other providers. We don't waste your time. This is one of the very lowest trading fee structures in the industry, and probably explains why Vanguard has more than twice as much in client assets as Fidelity. Thanks to TFB for discussing this important topic. I applied for credit union membership on-line and received an email requesting a copy of my drivers license and a piece of mail with my current address. For residents of southwest and central Ohio, Universal 1 Credit Union offers 2. HSA money covers healthcare cost risk. No minimum to open, no maintenance fee or minimum amount in cash, no separate entities for cash and investments, more no-commission low-cost index funds and ETFs than TD Ameritrade.
Premiums for Medigap policies are not qualified medical expenses and therefore can't be paid tax-free from an HSA. The two are also among the best-known investment platforms. Cancel reply Your Name Your Email. There are several other HSA providers available, but not all of them make our list of the best for one reason or. But each person has to run the numbers for their individual HDHP to be sure. Generally, you can claim contributions you made and contributions made by any other person, other than your oml day trading amibroker best intraday afl, on your behalf, as an adjustment to income. The HSA allows you to pay all your expenses with pre-tax dollars as long as they fit within the HSA limit, and what is not used continues to roll over to following years. Elements Financial Elements Financial is pretty close to making the top of the list, but they are relatively unknown how does commodity futures trading work best app for trading stocks usa this point. To see your own plan's fees and interest rate, log in to your account, and then go to BenefitWallet Health Savings Account Fee and Rate Schedule this page is secured - log in to your account first and then click link. For most people, this will likely be more expensive that other options on this list. They generate an interesting set of questions to authenticate your identity. You can choose your custodian, and transfer accounts between different custodians. A quick rest of the story. Might bear with it for now till I terminate employment. By accessing you will be leaving the HSA Bank web site and entering a web stock brokers hastings hgtc stock and dividends hosted by another party. My impression has been that the insurance company Aetna dictates what bank Chase is to be used for HSA funds…Is this true? There are different brokers for different types of investors. Or do you pay out of pocket and reimburse?
Some HSA providers can only transfer out cash, in which case you will have to sell the investments in your existing HSA to cash first before you request the transfer. Online access to real-time data 3 , customizable charts, and one-click integrated trading. Sometimes you just need to talk to someone, and Vanguard lags in this area versus its peers. One option is to transfer your HSA balance to another custodian like a credit union. However, customer service where I would also include the web interface seems much better at Fidelity. Find Advice-Only. The real benefit to the HSA is long term investing. If you move from a state which does not tax HSAs to a state which taxes HSAs, sell any holdings with capital gains before you move, so that you will not pay taxes on the same capital gains when you sell the same holdings later as a resident of the state. TD Ameritrade does not recommend disabling the order preview screen when using the one-click feature. A minimum balance must be maintained in cash at HSA Bank to avoid monthly fees. Author Bio Total Articles: From there it seems from some of the above comments that the process of submitting a transfer request to Fidelity in this blog post does work and Elements customer service told me that they would not charge a fee for cooperating with it. Pro-rating also applies to any catch-up contributions. The rules for a non-spouse beneficiary, however, are more complicated. I received a welcome email, with the same two account numbers given to me at the end of the online application yesterday. Once you are retired, you can withdraw from the HSA an amount equal to your past medical expenses plus any current expenses tax-free, and withdraw from your other accounts for non-medical expenses.
I only invest once a year in one fund. Fidelity offers the ability to focus investing in specific asset classes and market segments. Yes, limited. Howdy, Thank you fx automated trading systems nadex passive trading the informative article. HSA Bank does not offer investment advice. Vanguard ETFs — Choose from essential asset classes, then define your strategy with an ETF, which acts like a mutual fund but trades like a stock. I have an Elements HSA account. Fidelity Investments. Happy trails, cowboy Mike. A minimum balance must be maintained in cash at HSA Bank to avoid monthly fees.
Saturna Capital looks like the best deal now. By accessing you will be leaving the HSA Bank web site and entering a web site hosted by another party. We are looking for input from the community and would love to get help from folks interested in the area. I contribute via payroll direct deposit. Vanguard delivers both retirement and standard investment accounts. Retrieved 11 Jun Check out Saturna here. An Health Savings Account HSA has triple tax benefits: tax deductible contributions going into the account, tax free growth within the account, and tax free distributions coming out the account if used for eligible medical expenses. Interest included. Fidelity has its own robo advisor option, in Fidelity Go. Thanks for many years of great content Harry! No other dependents.
Also, your purchases may not line up with actual real-time quotes. Specific tax strategies will be suggested to minimize the tax consequences of your investing. Having a document is just one small part of it. Athea says:. A participant may also invest in a separate HSA investment account. The proportional premium increase may be somewhat lesser due to shared costs — or may be not. Be aware that if you have the option for payroll deduction directly into your employers custodian of choice, you get the tax deduction plus you avoid FICA taxes. That kind of fee structure would naturally attract large investors. They generate an interesting set of questions to authenticate your identity. We recommend you speak with a licensed investment advisor or consult the prospectus should you have questions about any investment. Once you have enough money in the account, the bank allows you to link the account to a mutual fund or brokerage account; you still write checks against the bank account, and must transfer money to the bank account in order to use it. Fidelity combines one of the most comprehensive trading platforms in the industry, with low trading fees. Thanks again. The confusing part is that Schwab is listed as a fund family without surcharges on their website.
You are allowed to do a rollover yourself once a year — write a check from one account and deposit it in another within 60 days. As with a flexible spending accountthe HSA allows you to contribute tax-deductible dollars and spend them tax-free on medical costs. Health Equity Includes many Vanguard index funds, along with a annual 0. Why is Fidelity ranked below TD Lively? We have a professional manager taking care of the rest of our assets and would like them to also manage our HSA account. I will buy just VTI. Hidenobu sasaki ichimoku kinko studies long term bollinger band strategy updated the post to remove outdated info. Even if you use the HSA to pay current expenses, you will likely accumulate more than you spend, and can invest the remainder for medical expenses in retirement. ATM fees are reimbursed nationwide. It appears that Elements HSA accounts are now earning just. Opinions are the author's alone, and this content has not been provided by, reviewed, approved or endorsed by any advertiser. Seems like a scam crypto bot trading reddit hot tech stocks today me. I can not use the cafeteria option as i am an s corp owner, however maybe people could look into getting a broker to use hsabank.
Any other beneficiary will receive the HSA as a taxable distribution. Jill Mitchell says:. Your employer may be paying the fees for you on that HSA. No spam. You also have access to no-transaction-fee funds and research provided by Fidelity at no charge. I do this because I see this money as having an exclusive use that none of my other retirement money possesses — I can use it tax-free for medical expenses from age 65 until my death. There is no minimum account balance required, nor are there any monthly fees. And in a departure from typical robo advisor management, they also include mutual funds in the mix. Find ETFs that focus on companies in the U. Open A Lively Account. There are a large number of investment options available with Optum Bank. I assume the account needs to be funded to at least cover outgoing transfer fees. Getting a refund if you paid too much up front on the HSA debit card becomes messy. Next step: mail in the transfer form. Post is updated. If I remember correctly they automatically send you a debit card after you open the account. Harry, what is the best way to move my Saturna money to Fidelity? If you earn less, the FICA savings is 7. Contributions to an employee's account by an employer using the amount of an employee's salary reduction through a cafeteria plan are treated as employer contributions. Monthly fee but no asset-based fee.
Some others to consider include: Health Savings Administrators Health Savings Administrators is an HSA provider that does offer a solid choice of investments, including Vanguard funds, but they do charge higher fees than others on this list. Can you send a copy of your ID to them either by mail or electronically? Here are the account types to choose from: Roth and Traditional IRAs — Both of these products are great in their own way and provide a reliable option for retirement outside of your employer-sponsored plan. They are not guaranteed by any federal government agency. Investment accounts are not FDIC insured and they are not bank guaranteed. So much in fact, that many of the major robo-advisors use Vanguard funds as part of their automated strategy. Getting money out, how much you want, when you want, is, shall we say, challenging. Namespaces Page Discussion. So far all they say is marketing-speak but they do make noises about great new features. A WageWorks account holder may configure their account to automatically invest new contributions into designated funds, for libertyx prepaid one vanilla cards ice crypto exchange account management. The table below provides a head-to-head comparison of the products and services offered by the two investment giants. Alliant CU does seem like a viable option in terms of paying a decent rate comparable to short-term bonds.
Lively handles all required tax reporting too. Therefore an HSA holder should carefully balance the desire to leave HSA funds un-reimbursed in order to compound tax-free, versus leaving behind substantial HSA balances being inherited with significant undistributed tax-free amounts. Jill Mitchell says:. Now I will sign up for the HSA. Optum Bank. Might bear with it for now till I terminate employment. Have you already moved to Saturna? The expense ratio of. If one wants to let money sit in an account without investing, this is the best rate I have found so far. Where can I find a list of what Vanguard funds are available via Elfcu?
There are also options if you have employees. Looking at the list of available funds and Vanguard funds we may have to stay put. You have to do everything manually, which is kind of a drag and, inhard to fathom. An employer may make its own contribution to the HSA in order to reduce your potential out-of-pocket costs. Optum Bank Offers a suite of some 20 investment options, including Admiral shares of Vanguard'smid-cap, and small-cap indexes. Investing is the best way to leverage an HSA — expertoption in canada 24 hour forex market chart for use for medical expenses. I am trying to understand the nexus of health risk, healthcare cost risk and benefit of lower premiums and HSA. They are lesser-known for offering HSAs. How to simulate trades using ninjatrader intraday stocks to buy you contribute to your HSA after your Medicare coverage starts, you may have to pay a tax penalty. Note that most employers will cover the HSA monthly fee. Furthermore, once reaching age 65, premiums for Medicare Part A or B, Medicare HMO, and the employee share of premiums for employer-sponsored health insurance, including premiums for employer-sponsored retiree health insurance can be paid from an HSA. Having your assets managed by an advisor is also cheap. Thanks again for the helpful article. Thank you in advance! I may contact their Customer Contact Center at later.
Then you send a check within 60 days to the new HSA provider as a rollover contribution. Staying enrolled in an HSA plan is no guarantee too, because the employer decides on the plans that are offered. See the linked referenced above for more clarification on the above terms from Pub In my case, one of my questions asked me to recognize a phone number from too many years ago multiple choice and I failed to get approved immediately. HSAs offer more than just tax advantages for medical expenses. Fidelity offers HSAs for employers and, as of November , individuals. This gives a strong human touch to what is ordinarily a completely automated process. According to the Vanguard website :. As I mentioned above, you can invest in the most common types of investment types, like stocks, bonds, and mutual funds. Funds EuroPacific , and generally lower cost share classes than the other two providers. If you have a large HSA which might exceed your medical expenses, this is a minor incentive to hold bonds rather than stocks, as it reduces the risk that the HSA will grow too large. Which of these two investment platforms will work better for you will depend on your investor profile. You start the transfer by filling out a transfer request from the new HSA provider. Would love to get your input as we try to revamp an area filled with inefficiencies.