HealthSavings empowers consumer-driven health plan participants to invest all their health benefit dollars in institutional-class fund shares so they can grow their savings tax-free and meet their financial goals for a happy, healthy future. By choosing from a carefully curated selection of funds with lower expense ratios and no trading fees, HealthSavings accountholders have historically saved five times more than the industry average. HealthSavings administers $900 million in cash and invested assets with clients in all 50 states. They can work with benefits professionals, large employers and retirement plan providers as HSAs become increasingly important in an overall retirement strategy. Known as “the investor’s HSA,” HealthSavings has been consistently recognized as one of the best values in HSAs with mentions in Forbes, Money Magazine, the Wall Street Journal, Kiplinger’s and Reuters, as well as various online publications. Learn more at HealthSavings.com.
HSA Program Features
- FDIC or NCUA Insured:
- Min Balance to Open:
- Debit Card
- Online Banking
- Investment Options
HSA Interest Rates
|$0 – $2,499.99||0.05%|
|$2,500.00 – $4,999.99||0.10%|
|$5,000.00 – $9,999.99||0.20%|
|$10,000.00 – $14,999.99||0.30%|
|$15,000.00 – $24,999.99||0.40%|
|$25,000 or more||0.50%|
|Monthly Maintenance Fee||$2.50 - $3.75*|
|Account Opening Fee||$0.00|
|Account Closing Fee||$25.00|
* Maintenance fee paid annually. An additional Custodial Fee applies, see Investment Option fees.
HSA Investment Options
Mutual Fund Details
Investment Fee: 6.25 basis points per quarter (i.e, $0.625 per $1,000 every three months) with no cap.
HealthSavings’ Investor Focus HSA features a new fund lineup that is streamlined to 42 funds from Dimensional and Vanguard that cover all core asset classes. There is a 50/50 balance between active and passive funds with an average weighted expense ratio of 11 bps.
|Website||HealthSavings Administrators's HSA Website|
|Address||10800 Midlothian Turnpike, Ste. 240|
Richmond, VA 23235
|Mailing Address||Health Savings Administrators|
10800 Midlothian Turnpike, Ste. 240
Richmond, VA, 23235
|Email Address||[email protected]|