I am currently unemployed. I have an OptumHealth HSA with just over $300 in it and a Benefit Wallet HSA with just over $4,000 in it. The Benefit Wallet HSA charges significantly more per month in fees. Should I rollover the funds from one into the other, or should I be exploring another institution to house my HSA?
You can have more than one HSA account, but why pay a higher fee in one? It sounds like it would be worth it for you to consolidate to the lower fee option.
If you don’t intend to spend the money in the short term, you may want to consider some options that allow investments so the money can grow with the market. HSA Bank is one competitive option that allows investments.
Mike Schupak | Schupak Financial Advisors
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