Open a Health Savings Account Now
We've sifted through the nation's providers to select the three best HSA Administrators offering a most attractive range of options and services at the lowest price
- Download the application that best suits your purpose. We recommend any of the four different HSA account services listed below that provide high quality nationwide service. Each account administrator has its own features, uses and limitations as summarized below. Simply choose the plan that best suits your needs, download an application, follow the included instructions for completing the application, and mail it to the administrator with your initial deposit check.
- Keep a copy of the application and account disclosures for your own records.
- Remember that the only pre-requirement to open a HSA account is that you must be already enrolled in an HSA-qualified health insurance plan. See the insurance enrollment page for more information.
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| Features and Advantages | Debit cards, checks, full investment brokerage options through TD Ameritrade | Vanguard no-load mutual funds or a bank account with a debit card (choose one feature or the other, not both) | Most services are free, including debit card |
| Limitations and Drawbacks | additional options add to the cost | no debit card with mutual funds, manual withdrawals | fee for paper statements, savings account only, no investments |
| Enrollment Fee | $25 paper / $18 online | $25 | $0 |
| Other fees | monthly fees and other options are priced separately; see application form for details | $35 / $60 Annual administrative fee; see application form for details | none |
| open an account online | download application | open an account online |
Forms may take up to two minutes to download, depending on the speed of your modem.
All of these companies are market share leaders with excellent consumer reputations. In fact, the only complaint we have had about any administrator is that the mail-in process for opening an account is slower than Internet-based customers would prefer. New account confirmations are sent by mail in 7-10 days.
