HSA at Optum Health Bank

[porcupine]

Based on a recent thread, I researched this bank's investment options. From what I can tell, they appear pretty decent. You can select the Health eSaver option and, as long as your balance with them exceeds $5k, you would be paying no extra fees. Am I reading this right?

Now if only they add the Vanguard funds among their options ... I need to contact them to find out!

- Porcupine

[ftobin]

Based on a recent thread, I researched this bank's investment options. From what I can tell, they appear pretty decent. You can select the Health eSaver option and, as long as your balance with them exceeds $5k, you would be paying no extra fees. Am I reading this right?

If you're willing to let $5K sit uninvested, HSA Bank lets you invest into anything via TD Ameritrade for no fees.

[porcupine]

Based on a recent thread, I researched this bank's investment options. From what I can tell, they appear pretty decent. You can select the Health eSaver option and, as long as your balance with them exceeds $5k, you would be paying no extra fees. Am I reading this right?

If you're willing to let $5K sit uninvested, HSA Bank lets you invest into anything via TD Ameritrade for no fees.

The way I look at it, HSA Bank and Health Savings Administrators (I think that's the right name) both have similar pluses and minuses. However, the way I was looking was - keep $5k in Alliant or some such HSA for the cash/cash equivalents, and put the rest to work directly. That way, you don't lose out on the interest and you get the maximum exposure (relatively speaking) to the market.

- Porcupine