When it comes to managing your healthcare expenses, a Health Savings Account (HSA) can be a great tool to have. An HSA is a tax-advantaged account that allows you to save money for medical expenses.
But, with so many HSA providers available, it can be challenging to know which one to choose. Here are some of the best HSA providers you need to consider for your healthcare needs.
1. HealthEquity
HealthEquity is one of the most popular HSA providers available. They offer various investment options and have a user-friendly app that allows you to manage your account on-the-go. HealthEquity also offers lower fees than many competitors, making it a great option for those who want to keep their costs low.
2. Fidelity
Fidelity is known for its investment management, but it also offers a top-rated HSA. The platform allows for investment options and offers an FDIC-insured account to protect your funds. Fidelity also offers a significant amount of educational resources that are beneficial for those who want to learn more about investing.
3. HSA Bank
HSA Bank is a great option for those who want to invest in their HSA. They offer various investment options, including mutual funds and ETFs. The platform also offers a high yield savings account with a competitive interest rate. HSA Bank also has a low annual fee and offers a Visa debit card, making it easy to pay for medical expenses.
4. Lively
Lively is a newer HSA provider that offers a straightforward platform to manage your account. They have an easy-to-use mobile app that allows you to manage your account on-the-go. Lively also offers competitive fees and investment options.
5. Further
Further is a great option for those who want flexibility in their HSA. They offer various investment options and allow for contributions to an HSA from multiple sources. Further also offers a cash rewards program, where you can earn money for staying healthy and active.
When choosing an HSA provider, it’s essential to consider your specific needs and priorities. Whether you prioritize low fees or investment options, these top providers are a great place to start when it comes to managing your healthcare expenses.
