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Health Savings Account without fees

originally posted: 11/22/2006 reposted: 2/18/2011 This post has not been recently reviewed or revised by the author and may be out of date. If you notice an error or are in doubt, please send a new question by email or ask for an update. Email asktony@tonynovak.com.

Q: Where can I get a health savings account that does not charge commissions or fees?

A: Free HSAs are available two ways: For Individuals - Free Health Savings Accounts with basic features are available to anyone are available at www.healthsavingsaccount-hsa.com . Free HSAs with more sophisticated features are available with any individual insurance plan issued at FreedomBenefits.net. See www.FreedomBenefits.net for details. It is necessary to specifically request a free account at the time of insurance enrollment. For Groups - Free Health Saving Accounts are still available to any business that combines with group health insurance and Health Reimbursement Arrangements (HRA) through FreedomBenefits.org. Freedom Benefits charges the business a separate $150 fee for setting up business health plans but services to plan members are free. See "Health Insurance" page at http://www.freedombenefits.org . Keep in mind that none of these firms makes the assurance that there will never be any fees for HSAs. The free HSA promotion is designed to help introduce this new type of account to the public. It is possible that these firms will add administrative fees in the future.

Health Savings Account without fees

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