HSA Tutorials

Going forward, the Fidelity HSA® is my primary recommendation for an HSA custodian.

There are several reasons why you either might not be allowed to contribute the full amount or may accidentally over-contribute to an HSA.

When you receive reimbursement for an expense you’ve already paid from the HSA, that portion of your HSA distribution is no longer a qualified medical expense and must be recontributed to avoid tax.

When an HSA is left to a non-spouse, the account stops being an HSA.

We recommend keeping all but the funds needed to pay the annual deductible for your health insurance plan invested in your HSA investment account.

There are two ways to make an HSA contribution. You can contribute by mailing a check or you can link an external checking account.

There are many choices for an HSA custodian, but we like to recommend HSA Bank because it allows you to custody funds for investment at TD Ameritrade.

You are unlikely to need funds for any long-term care episode until about age 85. Given the long time horizon, we suggest investing your HSA for appreciation.