Administrative Fee:

For accounts maintaining a balance exceeding $2000 USD, no administrative fees are applicable. However, accounts with balances below this threshold are subject to a monthly fee of $2.50.

Management Fee:

A monthly management fee of $1.50 is applied to ensure the efficient management and longevity of the account.

Investment Fee:

We impose an investment fee equivalent to 50 basis points annually on the invested balance over a 12-month period. As an illustration, if your investment amounts to $5000, the fee would be calculated as follows: 0.0004166 (50 basis points) x $5000 = $2.08.

When considering investment options, Health Savings Accounts (HSAs) offer unique advantages over 401(k) retirement accounts. HSAs are specifically tailored for healthcare expenses, providing pre-tax contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses, alongside the potential for investing in a variety of securities. Unlike 401(k) plans, which primarily focus on retirement savings and may have limitations on investment choices, HSAs allow individuals to build wealth while simultaneously covering current and future healthcare costs, offering flexibility and tax advantages that make them an attractive option for investment-minded individuals seeking to maximize their savings potential and optimize their tax strategy.