Why Fidelity Is Our Favorite HSA in 2 Charts
Whether you're spending or investing your HSA, Fidelity rises to the top.
We're in the heart of open-enrollment season, and you might find yourself looking for a health savings account. Well, look no further. We published a report in October that ranked 11 top HSA providers, and the conclusion is clear: Pick Fidelity's HSA.
A Quick Recap on HSAs
HSAs offer unrivaled tax benefits and, as long as you're in what the IRS considers to be a high-deductible health plan--which is mostly defined as plans with a deductible of at least $1,350 for individuals and $2,700 for families--you should use one if you expect to have medical costs now or any time in the future. So, basically anyone in a high-deductible health plan. HSAs are the most efficient way to pay for medical expenses. Money goes in tax-free, it grows tax-free, and you withdraw it tax-free as long as it's spent on qualified medical expenses.