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Transferring my Health Savings Account was a wild ride I ultimately abandoned — but not without major takeaways
This year, my employer switched HSA providers, leaving me with two different vendors: Ameriflex and Flores. HSA stands for health savings account, and its primary function is to save for health costs.
It’s not a well-kept secret healthcare costs have risen faster than wages for many years. To protect their bottom lines, many employers have shifted the burden of paying for healthcare to employees.
The High Deductible Health Plan (HDHP) includes a Health Savings Account (HSA), which allows you to set-aside money on a pre-tax basis to pay for qualified medical expenses. As an additional benefit, ...
Initiating an HSA transfer prompted me to look into the fees associated with the accounts. Next, I calculated how much I could owe in fees by the time I retire. I didn't make any changes, but it's ...
Question: I currently have a HDHP and an HSA, but I will be retiring later this summer. What happens to my HSA account? HDHP are High Deductible Health Plans. They are an insurance product, usually ...
When my employer switched HSA providers in 2025, I attempted to combine my accounts. I ultimately abandoned the complex process, but not without a major takeaway: Pay attention to fees. A certified ...
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