Why Fidelity Is Our Favorite HSA in 2 Charts
Whether you're spending or investing your HSA, Fidelity rises to the top.
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.