HealthEquity
Quick Summary
- Largest non-bank HSA custodian
- $33B+ in assets
- 10M+ members
- Morningstar Above Average
The Verdict
HealthEquity offers a solid foundation with a monthly fee of $3.95 and mutual fund investing, earning a 3.8/5.0 rating from HSA Orbit.
We are dedicated to helping Americans thrive in today's health care system by empowering health savings, while helping employers manage benefit costs.
HealthEquity provides a solution to an issue of growing importance to American families: affording lifelong health care. More than two million members are paying less for health insurance, taking control of medical bills and building health savings for life with HealthEquity health savings accounts (HSAs). Our expert advisors, who are available every hour of every day, offer helpful insight to maximize savings.
Health plans and employers covering one-third of working Americans offer HealthEquity. Joining HealthEquity's ecosystem and further engaging members are leading consumer health applications, in areas such as price transparency, tele-medicine, and wellness.
Key Features
Banking & Access
Includes debit card and online banking.
Investment Options
Offers mutual fund investing.
Security & Insurance
Deposits are FDIC/NCUA insured for your protection.
Account Details
No minimum balance to open. no account opening fees.
Fee Analysis
| Fee Type | This Provider | Industry Average | Verdict |
|---|---|---|---|
| Monthly Maintenance* | $3.95 | $0.69 | ABOVE AVG |
| Account Opening | $0.00 | $1.88 | EXCELLENT |
| Account Closing | $25.00 | $1.95 | ABOVE AVG |
* $3.95/month if balance < $2,500; waived at $2,500+
Industry averages calculated from 853 providers in the HSA Orbit database.
Investment Options
Mutual Fund Investing
Access mutual fund investments through your HSA with HealthEquity.
- Minimum Threshold$500
- Fees0.03%/month (0.36%/year) capped at $10/month. Advisor: 0.05%/month capped at $15/month. $1/month paper statement fee.
Interest Rates
Contact Information
Address
15 W. Scenic Pointe Dr., Ste. 100, Draper, UT 84020
Customer Service
866-346-5800
HealthEquity, Inc. 15 W. Scenic Pointe Dr., Ste. 100 Draper, UT 84020 Customer Service Mailing Address HealthEquity, Inc. 15 W. Scenic Pointe Dr., Ste. 100 Draper, UT 84020
At a Glance
Pros & Cons
The Good
- •FDIC/NCUA insured deposits
The Bad
- •Monthly fee of $3.95
- •$500 minimum to invest
- •Interest rates not published
User Sentiment
Based on community feedback
Sentiment data coming soon
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