Health Saving Accounts - Health Savings Accounts Administrators
Here is a list of stand-alone HSA and often HSA administrators. Make sure to contact them directly to verify fees and availability. The two that we have received the best feedback on are FirstMSA and MSABank.
| Name, Address, Phone | Set-up fees | Admin. fees | Accountholder Options |
| Choice Investments Inc Rocklin, Indiana jerrym-HSA@choiceinv.com |
$36 | 1% of account value or min of $36.00 per year. |
Access to investment securities with min of $250.00. Member of NASD and SIPC. Checks available in Brokerage HSA Account. |
| First MSA application account info rollover www.firstmsa.com |
$25 | $5.00/mo. | access to investment services after $1,000 in account; 2-5% interest on money in account per schedule; FDIC insured |
| MSA Bank application account info www.msabank.com |
$18 | $1.75 month if under $3000 balance | debit card and checks; FDIC insured; money market interest or option for brokerage account |
| American Health Resources * PO Box 8847 |
$15 | $4.50/mo. | Can deposit in either "money market-type funds or securities". Can "self-direct" investments. AHR Can pay provider or reimburse accountholders. |
| American Health Value PO Box 8063 |
$25 indiv. or $30 joint |
$3/$4.50/or $8.50 per mo. depending on plan chosen |
Visa Debit Card and checks. Can select money market or Delaware Funds (min. balance = $1250) RX card, nurse line, & Dr/Hosp. Discount plans available. |
| Benefit Administrators 1009 Oak Hill Rd, 3rd Floor |
$25/Gateway Bank or $35/Wells Fargo Bank |
<$3/mo. (Gateway) or $2/mo. (Wells | Will process reimbursement requests or provide checks [disbursement fees = $5 (Gateway) or $10 (Wells Fargo)]. |
Custodial Fee (Wells Fargo) $39/yr. Min. account balance for investments = $2500 (avail. thru Wells Fargo only)] |
| CMS Administrators 576 B Street |
$10 per employee | Varies by size of account |
Works only with non-tax-qualified |
| Lake Forest Funds 270 E. Westminster Rd, 3rdFlr Lake Forest, IL 60045-1899 |
No set-up fee | No Admin. Fee Ann. Custodial fee $15 Acct. liquidation fee = $15 |
Minimum account balance = $1000 |
| MECA PO Box 17190 |
$50 | $3/mo. Renewal fee for groups of 2-9 = $30 |
Investments in mutual funds from first dollar (Annual fee of $24 for access to focus fund group.) |
| Medical Savings Accounts/Utah 1341 S. State St, 310A 888-201-3381 |
No set-up fee | $5/mo. | Money market bank accounts only |
| Medical Savings of America 960 Broadway St, 505 800-853-7321 |
$12 | $2/mo. | Visa debit card or checks. |
| MediSmart 1501 WestCliff Drive, 310 888-633-4762 |
Medical Retirement Accounts (MRA) $500 set-up fee |
Medical Retirement Account (MRA) Only $25/mo/ |
Refers all MSA account requests to American Health Value, MSAver Resources or Merrill Lynch. Pays %Of fees on the MRA to brokers. |
| MSAver Resources, Inc. 7400 W. 110th St., 520 888-327-9672 |
Fees presently being restructured. Please call |
Fees presently being restructured. Please call |
Options being expanded. Please call. |
| Prime Health 4640 W. 77th St., 214 612-844-0977 |
$25 per person | $5/mo. Per person $50 or 10% termination fee. |
Money market only. Will reimburse either provider or accountholder. |
| SSgA Funds Po Box 8317 |
No set-up fee | No admin. Fees. Annual maintenance fee= $75. Check writing privileges @ $10/checkbook |
15 different funds available with a minimum investment of $250 per fund. Automatic investments and telephone exchanges allowed. |
| State Bank of Howards Grove 211 N. Wisconsin Drive 920-565-3351 |
$12 for bank account none for mutual fund account | $1/mo. (bank acct) $1.75/mo. (brokerage account) | May choose bank money market acct. or from 3000 mutual funds. (Trading fees start at $14.95 per trade) Minimum initial deposit of $100 |
| Trident National Corporation 3500 Grove Ave. 804-354-0697 |
$15 | $30 indiv./$60 fam./ year <1.1% x Balance |
May choose from 6 no-load mutual funds or money market |
email us here with your questions
or call: 866/486-6551