Popular Deal

Fidelity No Fee HSA Account

+205 Deal Score
37,387 Views
I found out this week that Fidelity has been offering a no fee HSA to individuals since last November. It's a good option if you want to roll over an HSA from a previous employer's account that charges maintenance monthly fees.
In my case I saved $8 a month by switching from HSA Bank/TD Ameritrade.

They also reimburse any transfer fees imposed by your previous account administrator. (With TD it was $50).

If I had known earlier I could have done this months ago and saved some $$$.

https://www.fidelity.com/go/hsa/why-hsa
Share
Good deal?
You gave thanks to Jonnyboy88 for this post.
Thank you!
Jonnyboy88 posted this deal. Say thanks!
Add Comment
If you purchase something through a post on our site, Slickdeals may get a small share of the sale.
Deal
Score
+205
37,387 Views
00 days
00 hours
00 minutes
Black Friday 2019 is coming!
Slickdeals community members review and recommend the best deals.
About the OP
Send Message
Joined Apr 2006 L2: Beginner
104 Reputation Points
1 Deals Posted
177 Votes Submitted
89 Comments Posted

105 Comments

1 2 3 4 5

Sign up for a Slickdeals account to remove this ad.

This comment has been rated as unhelpful by Slickdeals users
Joined Apr 2011
L4: Apprentice
454 Posts
48 Reputation
#2
Good to know. Thanks OP!
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Feb 2009
L3: Novice
160 Posts
98 Reputation
#3
I'm not seeing any language on the website about transfer fee reimbursement?
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Jun 2004
L3: Novice
271 Posts
63 Reputation
#4
Wow, thanks. I'll check it out. I get charged $3.25 a month I believe
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Sep 2009
FUBAR
2,411 Posts
325 Reputation
#5
How wide are their HSA investment options?
Reply Helpful Comment? 3 1
This comment has been rated as unhelpful by Slickdeals users
Joined Apr 2008
Lx: God Mode
3,794 Posts
#6
nice timing!
my employer just cancelled healthequity.com as an HSA option, and so they started charging maintenance fee.
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Apr 2006
L2: Beginner
89 Posts
104 Reputation
Original Poster
#7
Quote from heyyitsrobert
:
I'm not seeing any language on the website about transfer fee reimbursement?
A rep on the phone told me this. From researching online it seems like it's a somewhat standard thing they do:

"Fidelity will typically reimburse you for transfer in kind fees, if the amount being transferred is significant e.g. not a few hundred dollars. Other brokers will do that also, but not Vanguard. It's probably not worth the effort to get that confirmed beforehand, but if you think it's necessary, use a secure message so you have their response in writing. Just do the transfer, incur the fee, and then ask for it to be reimbursed. That is what I do."

https://www.bogleheads.org/forum/viewtopic.php?t=229325
Reply Helpful Comment? 2 0
This comment has been rated as unhelpful by Slickdeals users
Joined Jul 2006
L4: Apprentice
319 Posts
114 Reputation
Our community has rated this post as helpful. If you agree, why not thank ?
#8
Quote from halluc1nati0n
:
How wide are their HSA investment options?
I believe that you can trade any ETF. Probably mutual funds too but since I stay away from mutual funds, I cannot comment. Unlike my last sucki HSA from Mellon bank, because you trade just like stocks, you can specify a limit order on an ETF during market hours for execution. They already had a bunch of transaction fee free etf but with everybody on free trade bandwagon, I am suspecting that the number of fee free ETF's have exploded.

Even though I don't like Fidelity platform, I have to give them kudos for the HSA stuff - most straightforward account. At least I haven't been charged any fees - not sure if due to employer relationship. Really nice to know that they have opened it to general public - hopefully they kill the HSA sharks that have been gouging people over the years.
Reply Helpful Comment? 5 1

Sign up for a Slickdeals account to remove this ad.

This comment has been rated as unhelpful by Slickdeals users
Joined Apr 2006
L2: Beginner
89 Posts
104 Reputation
Original Poster
#9
Quote from halluc1nati0n
:
How wide are their HSA investment options?
I haven't gone in to look myself, but from the FAQ it sounds like you have all the same investment options as one of their standard brokerage accounts:

"Fidelity gives you broad investing options, including our Fidelity HSA Funds to Consider. These are professionally selected funds for HSA investing, all with waived investment minimums and no transaction fees. Other HSA investing options include single-fund options, such as our target date funds and target allocation funds, as well as our entire brokerage lineup, which includes mutual funds, ETFs, stocks, bonds, U.S. Treasuries, FDIC-insured CDs, and options."

https://www.fidelity.com/go/hsa/faqs
Reply Helpful Comment? 2 0
This comment has been rated as unhelpful by Slickdeals users
Joined Aug 2015
New User
19 Posts
14 Reputation
#10
Quote from halluc1nati0n
:
How wide are their HSA investment options?
All options they offer for their brokerage accounts and no trading fees since their recent announcement.
Reply Helpful Comment? 1 0
This comment has been rated as unhelpful by Slickdeals users
Joined Jan 2009
L4: Apprentice
353 Posts
54 Reputation
#11
I keep seeing how HSA's are great from the Money Guys podcast and other podcasts. I'm assuming my insurance plan via work makes me ineligible (government employee & HSA not offered). Is there any way to confirm if your insurance can be classified as high deductible or not?
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Dec 2004
L5: Journeyman
654 Posts
63 Reputation
Our community has rated this post as helpful. If you agree, why not thank ?
#12
Quote from jdougal09
:
I keep seeing how HSA's are great from the Money Guys podcast and other podcasts. I'm assuming my insurance plan via work makes me ineligible (government employee & HSA not offered). Is there any way to confirm if your insurance can be classified as high deductible or not?
Call your HR department. Hdhp is the word you should be looking for. High deductible health plan
Reply Helpful Comment? 3 0
This comment has been rated as unhelpful by Slickdeals users
Joined Feb 2013
L3: Novice
234 Posts
34 Reputation
#13
Quote from stasis
:
nice timing!
my employer just cancelled healthequity.com as an HSA option, and so they started charging maintenance fee.
What maintenance fee myhealth equity charges per month?
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Oct 2007
L1: Learner
19 Posts
19 Reputation
#14
Thanks! My husband's employer is getting rid of the HSA option at the end of this year and I'm sure HSA bank will probably start charging fees after that. This is perfect
Reply Helpful Comment? 0 0
This comment has been rated as unhelpful by Slickdeals users
Joined Oct 2012
L3: Novice
129 Posts
85 Reputation
#15
Quote from jdougal09
:
I keep seeing how HSA's are great from the Money Guys podcast and other podcasts. I'm assuming my insurance plan via work makes me ineligible (government employee & HSA not offered). Is there any way to confirm if your insurance can be classified as high deductible or not?
Do you have the option of an FSA? If so then you aren't eligible. It is either one or the other. Being with the government i would expect you to have a decent insurance plan - which probably means you don't have a HDHP
Reply Helpful Comment? 0 0
Page 1 of 8
1 2 3 4 5
Join the Conversation
Add a Comment
 

Shop More Black Friday Deals

Link Copied to Clipboard