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Health Savings Account

Posted on 2/21/13 at 5:03 pm
Posted by eazyeric23
Northshore
Member since Dec 2009
340 posts
Posted on 2/21/13 at 5:03 pm
Just switched jobs and now have a high-deductible insurance plan with Blue Cross. Anyone have any experience or knowledge of the best places to start an account? Looking for low fees and administrative costs, as well as good funds.
Posted by Teddy Ruxpin
Member since Oct 2006
39553 posts
Posted on 2/21/13 at 5:14 pm to
I honestly found choosing a bank a pain in the arse. I ended up going with HSA Bank. Even though paying 3 bucks a month sucks arse, their partnership with TD Ameritrade gave me commission free access to vanguard ETFs that I wanted. Had trouble finding a company who could get me Vanguard access for less than 36 bucks a year.
Posted by sstig
Houston
Member since Oct 2003
2767 posts
Posted on 2/21/13 at 6:56 pm to
Yeah, it will be difficult finding someone to handle your account forless than 3 to 4 bucks a month. Not real competitive.
Posted by tiger91
In my own little world
Member since Nov 2005
36703 posts
Posted on 2/21/13 at 11:34 pm to
Our BCBS policy is through Farm Bureau so we went with FB Bank. Haven't had any problems.
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 2/22/13 at 2:52 am to
So, what is the max tax break doing it if one doesn't work anymore?
Posted by slinger1317
Northshore
Member since Sep 2005
5805 posts
Posted on 2/22/13 at 8:28 am to
Try this one:

My Smart Saver

I have BCBS and this bank actually is set up through BCBS. I have checks and a debit card and no monthly fee if you get an online statement rather than a paper statement.

Works great for me, it earns an above average interest rate, and no fees.
Posted by rmc
Truth or Consequences
Member since Sep 2004
26490 posts
Posted on 2/22/13 at 8:31 am to
quote:

I ended up going with HSA Bank. Even though paying 3 bucks a month sucks arse, their partnership with TD Ameritrade gave me commission free access to vanguard ETFs that I wanted. Had trouble finding a company who could get me Vanguard access for less than 36 bucks a year.


+1

HSABank performs the functions I need it to. You get free everything, except the TD Ameritrade stuff, as long as you always use the card as a credit transaction, have over a certain amount in the account (think it is 3k) and get electronic statements.
Posted by tiger91
In my own little world
Member since Nov 2005
36703 posts
Posted on 2/22/13 at 1:08 pm to
fish I have no idea to that question ... does it matter if you work or not? Our max is like $6400 or so ...
Posted by Signature
Omnipresent
Member since Sep 2005
6738 posts
Posted on 2/22/13 at 10:31 pm to
I use smart saver. I keep enough of a balance to avoid fees and it has all the bells and whistles I need. I'd recommend them.
Posted by fishfighter
RIP
Member since Apr 2008
40026 posts
Posted on 2/23/13 at 6:43 am to
quote:

fish I have no idea to that question ... does it matter if you work or not? Our max is like $6400 or so ...



That is the problem. I'm retired. I have a high expence for health care.
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