Finest Well being Financial savings Account (HSA) Suppliers In 2026

Well being Financial savings Accounts (or HSAs) supply extra than simply tax benefits for medical bills. You may also make investments any idle money into varied investments for a doubtlessly larger return.

For 2026, HSA contribution limits for household HSAs are $8,750, whereas for people they’re $4,400. And remember you possibly can nonetheless make your contribution till the tax deadline of April 15 next year. HSA financial savings are typically FDIC-insured. Nonetheless, investments typically should not. Confirm with the HSA plan you’re contemplating.

You’ll additionally have to have a high-deductible well being plan to qualify for an HSA. There could be different restrictions however your HSA supplier will help with particulars on eligibility.

Observe that the majority employers will cowl the HSA month-to-month price. However if you’re selecting an HSA that’s totally different from the one provided together with your employer well being plan, you’ll seemingly have to cowl any month-to-month price. Or, in the event you’ve left your employer and are in search of an excellent possibility to maneuver your HSA too – take a look at this record.

Needless to say most HSA plans don’t permit you to take part in a number of HSA plans.

On this article, we’ll present a abstract of a number of engaging HSA plans that additionally supply funding choices. Keep in mind, we love using our HSA as an IRA – and assume it’s best to too. Try these firms for the very best locations to speculate your HSA cash.

1. Constancy HSA® 

The Fidelity HSA® (Well being Financial savings Account) is a brokerage account that offers you flexibility together with your well being financial savings {dollars}.

The account has no month-to-month account charges and no minimal stability required to open the account. 

Constancy gives a variety of investments , together with shares and bonds, mutual funds, and ETFs all commission-free¹. You may also spend money on fractional shares. 

You may simply add funds to your Well being Financial savings Account by transferring from a checking account, or cell verify deposit. And in the event you’re trying to make use of your HSA for qualifying expenses, you should use the Constancy HSA debit card or Constancy BillPay.  

Learn our full Fidelity review here.

Open an account here >>

2. Energetic

Lively gives an FDIC-insured HSA account with the next options:

• Free well being financial savings account for people. No hidden charges.
• FDIC insured.
• 100% paperless.
• Make investments for FREE (with our particular promo)

The disadvantage to Energetic versus Constancy is that if you wish to make investments, you could preserve an account at Charles Schwab in addition to an account at Energetic. It isn’t horrible, but it surely’s an additional step. Additionally, whilst you can make investments 100% of your stability, in the event you do not preserve a minimal $3,000 in money at Energetic, you will pay a $24 annual price to Energetic.

Promo: School Investor readers can have that $24/yr annual price waived completely after they enroll via our website. Sign up here >>

In case you are a person, Energetic is free for his or her primary HSA. 

With entry to Charles Schwab, the variety of investments and asset courses out there to you might be pretty broad. These embody particular person shares, bonds, CDs, ETFs, and greater than 13,000 mutual funds. You even have entry to $0 commissions for on-line inventory, ETF and possibility trades at Schwab. 

However, in the event you’re utilizing commission-free ETFs with low expense ratios, this is a superb alternative. Learn our full Lively HSA review here.

Open An Account At Lively >>

3. HSA Financial institution

HSA Bank has lots of the options frequent with fashionable HSAs comparable to on-line entry and a cell app. Medical bills could be paid out of your HSA account utilizing a verify, debit card, or bill-pay system.

HSA Financial institution gives funding choices via it is personal partnership referred to as HSA Make investments. You may read more about that here.

HSA Financial institution not prices any month-to-month upkeep charges for it is particular person HSA accounts. There may be an annual price for investing relying on how a lot your account stability is, starting from 0.10% to 0.35% AUM. 

HSA Make investments annual charges are waived for any quarter when your common HSA money stability for that quarter is $7,500 or extra.

For investing, it’s possible you’ll start investing after getting a minimal of $1,000 in your HSA Financial institution money account. Solely HSA funds above $1,000 in your HSA Financial institution money account could be transferred to your funding account.

Learn our full HSA Bank review here.

4. Optum Financial institution

Optum Bank is a part of Optum, a know-how providers division, which is a part of UnitedHealth Group. In the event you work for a significant firm, this may seemingly be your default HSA on your firm well being plan. Their month-to-month price is $2.75/month (normally coated by the employer). There isn’t any minimal stability to get began. Options of this plan embody a debit card, checking, on-line banking, and a cell app.

Optum Financial institution is a member of the FDIC, at the moment providers over three million accounts and $9 billion in belongings below administration.

There are numerous funding choices out there with Optum Financial institution. You’ll have to first meet the $2,000 funding threshold. When you do, you possibly can rebalance your portfolio and simply transfer cash backwards and forwards between investments and your major account. To see the present itemizing of funding choices, check here.

The bummer about Optum’s investing is that you need to use their platform, and their fund selections. They’re okay, however aren’t usually the very best on the market. You additionally do not get the pliability of with the ability to make investments on a platform like TD Ameritrade.

Nonetheless, in the event you depart your employer, you’ll begin seeing your month-to-month charges deducted out of your account – and Optum is not the most cost effective possibility. 

Learn our full Optum Bank review here.

Different HSA Suppliers

There are a number of different HSA suppliers out there, however not all of them make our record of the very best for one cause or one other. Many of those are smaller suppliers, may not supply strong investing choices, or cost larger charges that the suppliers on the record above.

Some others to think about embody:

Schwab HSA

Charles Schwab lastly introduced that they provide an HSA Brokerage account. Nonetheless, you can not open this as a stand-alone product but (like you possibly can with Constancy). It’s important to open this account with an eligible HSA supplier – which proper now Lively gives.

Study extra at Schwab directly here.

IRA Monetary

IRA Financial gives a self-directed HSA product that may show you how to make investments your HSA into various belongings. You probably have a bigger HSA stability, and need to spend money on issues like crypto or actual property, IRA Monetary has an choice to make it occur.

Study extra about IRA Financial here.

Well being Financial savings Directors

Well being Financial savings Directors is an HSA supplier that does supply a stable alternative of investments, together with Vanguard funds, however they do cost larger charges than others on this record. They present cost $45 per 12 months in administrative charges, plus 6.25 foundation factors per quarter (that is $0.625 per $1,000 every quarter). That is comparatively costly in comparison with different suppliers.

Try Health Savings Administrators here.

HealthEquity

HealthEquity is an HSA supplier that additionally gives a stable alternative of funding choices, together with Vanguard mutual funds. They permit each people and employers to open an HSA. They at the moment cost $3.95 per thirty days in administrative charges, nevertheless, they may waive the charges if a sure stability is met ($2,500 in money stability).

Try HealthEquity here.

Components Monetary

Components Monetary is fairly shut to creating the highest of the record, however they’re comparatively unknown at this level. They’ve a free HSA possibility in the event you preserve at the least a $2,500 minimal account stability, in any other case it is $4 per thirty days. There may be additionally the choice to spend money on your HSA via Drive Wealth.

Try Elements Financial.

Saturna HSA

Saturna is a reputation that comes up a bit when speaking about HSAs as a result of they’ve a singular price construction that would work in favor of some individuals in comparison with the choices within the record above. 

They’ve the potential for a no price HSA, they provide fee free investing with their affiliated funds, however they do cost a 0.30% asset-based price for non-Saturna funds. For most individuals, this could possibly be dearer than different choices on this record.

Try Saturna here.

Vanguard HSA

Surprisingly, Vanguard doesn’t supply an HSA. That is why you do not see a Vanguard HSA possibility anyplace.

Examine All HSA Choices Right here

Try all of the HSA directors and plans right here. Examine your HSA Administrator choices.

Who Is This For? Selecting the Proper HSA for You

This information is for anybody seeking to open a well being financial savings account exterior of your employer’s choices (when you’ve got an HSA provided via your employer). Self-employed people might need to open an HSA immediately. 

As you possibly can see, most HSA suppliers supply comparable providers, making it troublesome to decide on any specific one. One method to slender down the selection is to analyze the HSA provided together with your employer’s well being plan. It would seemingly meet your funding wants. 

In the event you’re not together with your employer and want to transfer your HSA, take a look at free HSA suppliers like Fidelity, who additionally supply funding choices.

Among the many shortlist above, you’re certain to seek out an HSA supplier who can verify the entire bins you’re in search of.

Banks vs. Credit score Unions vs. Funding Companies

In the event you discover the record above, you will see a mixture of banks, credit score unions, and funding companies all providing HSA accounts. As HSAs have gotten in style instruments to each use for healthcare, and use for saving and investing, a lot of banks have an interest on this area.

Our advice is that you just utilize your HSA as an IRA. As such, we suggest that you just open your HSA at an funding agency that gives stable funding choices. That is why the highest of our record consists of firms that supply an incredible HSA product with stable funding choices.

In the event you open your HSA at a number of the banks or credit score unions listed, you will discover that they usually have restricted funding choices (if any), and people who do supply it cost a doubtlessly important quantity for the power to speculate.

Why You Ought to Belief Us?

I’ve been writing and reviewing well being financial savings accounts (and associated tax and contribution choices for HSA plans) since 2014.

I’ve reported on health savings accounts, using your HSA as an IRA, and extra. For this information alone, over time, I’ve spent greater than 100 hours cumulatively researching and testing varied HSA suppliers.

Methodology

The School Investor is devoted to serving to you make knowledgeable choices round advanced monetary matters like discovering the very best well being financial savings account. We do that by offering unbiased reviews of the top health savings account providers for our readers, after which we mixture these selections into this record.

We now have picked HSA suppliers based mostly on our opinions of how simple they’re to make use of, their prices and costs, any rates of interest and bonuses supplied, and quite a lot of different components. We consider that our record precisely displays the very best well being financial savings accounts within the market for shoppers.