The BenefitWallet HSA we used at Chevron has horrible little monthly fees. There are better free ones out there, like at Fidelity. Have any of you retirees moved over? How was it.
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Everyone should be maxing their HSA every year!
I just put in the max and pay myself as I remember. My family of four spends way more than I can put in the HSA with the high deductible plan.
But HSA is tax-free, or didn't you know that.
@2frl, Of course, but there are more profitable places to put your limited investable income other than in a HSA after you’re retired and no longer working.
You don't have to be working to take advantage of an HSA, just have income.
I’m happily retired and no longer working, so a Health Savings Account (HSA) is no longer a useful thing for me to have. Though, I’m glad to disclose Chevron adjusted the HRA medical contribution upward by 4% starting January 2023. That amount is reimbursed to me monthly by direct deposit. It offsets about half of my Medicare Part B premium each month.
How had are the fees at MBW? Is that only if you use the investment option, or is that for all MBW HSA?
Can you keep the MBW open to receive "new HSA contributions" but open up new Fidelity HSQ to transfer the existing MBW funds?
I moved mine to Fidelity and it is much better. You can invest in anything on Fidelity platform and no fees.