HealthSavings Administrators


HealthSavings Administrators helps clients prepare for life’s changing health and financial needs with investment health savings accounts (HSAs). The company got its start in 1996 as a medical savings account (MSA) administrator and shifted focus to HSAs after the legislation enacting HSAs passed in January 2004. HealthSavings manages $700 million in investments with clients in all 50 states and provides HSAs directly to individuals and employers. Additionally, they can work with retirement plan providers to develop programs that compliment an employer’s retirement plan. An HSA can be a solution for current healthcare needs, as well as part of a comprehensive retirement plan. 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


User Ratings
GD Star Rating

HSA Program Features

FDIC or NCUA Insured:
Min Balance to Open:
  • Debit Card
  • Checks
  • Online Banking
  • Investment Options

HSA Interest Rates

Interest rates for various balance tiers
$0 – $2,499.990.05%
$2,500.00 – $4,999.990.10%
$5,000.00 – $9,999.990.20%
$10,000.00 – $14,999.990.30%
$15,000.00 – $24,999.990.40%
$25,000 or more0.50%
Last checked on: 01-05-2016


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 Platform:    Self-Directed Brokerage:    CDs:    Other:

Mutual Fund Details

Investment Threshold: None
Investment Fee: 6.25 basis points per quarter (i.e, $0.625 per $1,000 every three months) with no cap.
Available at HealthSavings Administrators are Fund selections from Dimensional Fund Advisors, Vanguard® Funds, Franklin Templeton, MFS, TIAA, and T.Rowe Price. Each fund has a distinct investment management objective, strategy, risk profile and policies.

Contact Information

General Information

Address10800 Midlothian Turnpike, Ste. 240
Richmond, VA 23235

Customer Service

Mailing AddressHealth Savings Administrators
10800 Midlothian Turnpike, Ste. 240
Richmond, VA, 23235
Phone Number888-354-0697
Email Address[email protected]

HealthSavings Administrators Discussion