re: HSA - Minimum balance requirement question

quote:

---

I guess this is what I would need to look into? What were to happen if I transferred the remaining balance to the investment account? Would the savings account just go into the negative? What would happen to the investment account, assuming they can make any changes to it...

---

Questions you'll have to ask who you would transfer it to. You might not even be able to open a HSA and rollover if you are on a low deductible plan, not sure hoenstly if you just want to do a rollover. Just thought that might be your only option.

Even my new employer HSA charges us $3/mo "maintenance fee" and 0.03% of our investment balance as ANOTHER fee. At least that really only eats a little into my employer's $900 they are throwing in there and not what I throw in there. It is highway robbery though to charge anything monthly maintenance fee as long as the balance is high enough. I would understand it maybe if it was a low account balance.

Fidelity charges no fees for their HSA account and requires no minimum in cash. I transferred my old HSAs to Fidelity HSA and it's a full brokerage account too.

My current work HSA requires a 2k cash balance which sucks since I don't plan to use it to pay any expenses until later in the future.