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re: PPO vs HSA high deductible
Posted on 4/17/13 at 9:15 am to Vols&Shaft83
Posted on 4/17/13 at 9:15 am to Vols&Shaft83
I have an HSA question. Is there any other security that you can place your balance in? The interest rate on the account is pretty sad face.
3
Posted on 4/17/13 at 9:41 am to Bear Is Dead
quote:
Is there any other security that you can place your balance in? The interest rate on the account is pretty sad face.
With mine you can invest with the balance over $1,000. The securities options aren't the best but there is some variety. Have earned a decent chunk of change in the past 2 years
Posted on 4/17/13 at 9:50 am to Bear Is Dead
Mine allows me to invest in mutual funds, but I had to meet a minimum balance of $3, 000 and I have to keep a minimum $2, 000 in their low interest savings. Now group plans have different rules, so you'll have to ask your employer about your options.
Posted on 4/17/13 at 10:39 am to Bear Is Dead
My employer plan told me to pick a bank. I shopped around and went with HSA Bank since they have a deal with TD Ameritrade who allows for commission free trades of Vanguard ETFs.
So every paycheck I have $125.00 ($125 X 26 pay periods = 3,250 max contribution) direct deposited into my HSA bank account. I then request the transfer to TD ameritrade, and then purchase my Vanguard ETFs.
The only fee I have with HSA Bank is $3 a month since I don't hold their minimum amount in the account. I have yet to find a fee free HSA bank institution that allows me to invest like I want. They all take money from somewhere, either at setup or not having commission free trades, or whatever, so I went with the one that seemed the least "damaging."
So every paycheck I have $125.00 ($125 X 26 pay periods = 3,250 max contribution) direct deposited into my HSA bank account. I then request the transfer to TD ameritrade, and then purchase my Vanguard ETFs.
The only fee I have with HSA Bank is $3 a month since I don't hold their minimum amount in the account. I have yet to find a fee free HSA bank institution that allows me to invest like I want. They all take money from somewhere, either at setup or not having commission free trades, or whatever, so I went with the one that seemed the least "damaging."
This post was edited on 4/17/13 at 10:45 am
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