This weekend I spent a few hours working on my never-ending financial to-do list. First, I researched and opened a new bank account. Then I dug through my purse and found a crumpled health savings account statement that I've been carrying around for months, hoping to find time to shop for a better account. Yep, it's about the fees again!
Until recently, I insured myself and the kids through the Star Tribune's high deductible health care plan. But then my husband's employer tweaked its health insurance options and we decided that it was a better for us to go with a health care plan tied to a health reimbursement account (how that's different from a health savings account is a scintillating topic for another day) because it has a slightly lower deductible plus a generous contribution from his employer.
Shortly after I switched, I learned that I would now be on the hook for the $3.75 monthly charge for having a health savings account with Wells Fargo.
Other HSAs charge annual fees, fees for smaller balances and other charges that this gal growing up in the era of free checking just doesn't want to pay.
I hate the idea of my small health savings stash being whittled away by small fees.
Surely there's a no fee account out there somewhere, right?
Unfortunately, there's no robust site that lists the various fees and matches consumers with good card choices. Someone should get on that! But fortunately there's Google.
I decided to shoot for the moon and typed in "no fee health savings accounts." Plenty of financial institutions popped up. But I hadn't heard of many of them and some had really amateur looking websites. So I kept hunting.
