Health Savings Accounts (HSA): How Do I Tell a Good One from a Bad One?
Author: Daryl Kulak
The Health Savings Account (HSA) is becoming well-known as an incredible tool to reduce health insurance premuims and yet provide good security for healthcare emergencies.
But what should consumers watch out for? Are there good HSAs and bad HSAs?
The answer is "not really." All HSAs are made to be quite similar, by federal law. They must conform to the national standards.
However, there are some subtlies that differentiate HSAs as, not good or bad, but maybe good and better.
The first thing to ask about an HSA is about the fees that the HSA custodian charges. Find out all the fees, including setup fee and annual fees. It is reasonable to pay a small set...
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