Going forward, I would like to treat our HSA as part of our investment portfolio—using Vanguard index funds—and pay for any medical expenses from our savings account/emergency cash. Currently, our HSA is with HSA Bank. Their investment options are through TD Ameritrade and DEVENIR.
Is anyone here familiar with their fees and investment options? I will investigate but perhaps someone has a quick and ready answer?
If that doesn't work out, Vanguard suggests:
I assume that I can transfer my account from HSA bank to one of these without incurring taxes. Is the process complicated? I remember transferring IRA accounts to Vanguard many years ago and it involved a notary and paperwork? Some took several tries for whatever reasons (can't remember). Is it possible to handle all this online now?If you want to open an HSA with an all-Vanguard fund lineup, consider HealthSavings Administrators or HealthEquity. Each organization offers a selection of about 20 Vanguard funds covering a variety of asset classes--and their accounts have no minimum balance requirements.
Again, I will investigate but if you care to chime in, please do so.
Thanks in advance!