Does Fidelity HSA charge a fee for EY employees? The schedule of fees is not clear

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Wait, it’s $12 quarterly. So $48 a year.... it’s ridiculous

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OP, I just made my 2018 elections without realizing that Fidelity charges for HSA. Didn’t read the fine print. I never used HSA before.

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^depends on what you choose to invest in. They have a lot of options from stock Index funds to CDs and then fees for investments are pretty low.

I hate the hsa annual fee and their way of burying it in their website.

However, it's worth the $48 annual fee if you contribute a lot. The tax savings for someone in the 15% federal bracket ends up being 22% including the FICA tax savings. So if you put only 1k per year you save 220 on taxes. If you contribute the max, ($6,900 per year for fam or about half that for individuals) you can save about $1500 in taxes ($750 for individuals). And that doesn't include the savings on the earnings you make on the investments.

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Yeah, $48 fee is not much relative to other providers. HSAs are much more costly to administer than 401k which is why the fees are higher.

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Fidelity ETFs with no transaction fees and the lowest expense ratio in the industry.

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They charge fees? 😬

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Yes they do, ridiculous

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$12 yearly

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^that was for ey1.

I think you need like $10k plus to not have any fee. I just barely hit the 10k mark so I will find out next quarter of they keep charging me the fee.

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You all know you can go use a different HSA if you want. You don’t have to use Fidelity. Let us know if you find something much cheaper.

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Pretty sure PwC audits Fidelity.

Makes no sense. I need to opt out of HSA now.

@EY1 - if you are already invested will you please check your statement

They do charge a feee

EY3, I wonder if $48 fee a year will be worth while the interest you earn on HSA. Do you know what the interest rate is?

With my HSA once you have $1000 in the account (not invested) they don’t charge a fee. Maybe yours has that as well...

I’ve had 4 different HSA accounts (employer kept swtiching to keep fees low) and the max fee was $24/year

I have the middle plan and got the reimbursement account. Does the reimbursement account also cost $48 a year?

What low cost investment options do I have to recover the $48 fees?

I can confirm the 12$ fee. Sucks

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