Health savings accounts are one of the most-favored investment options in the U.S. tax code. Your HSA contributions are tax-deductible, they grow tax-free and withdrawals avoid taxes if used for qualified health expenses, such as doctor’s visits, prescription drugs and dental care.
All those advantages can be squandered if you use a high-fee HSA. Investment research firm Morningstar recently evaluated 10 large HSA providers and found that account maintenance fees vary greatly and investment menus could be improved.
