... There are now about nine million H.S.A.’s with total assets of more than $18 billion; the average account balance is about $2,000, but accounts with funds in investment options, rather than just F.D.I.C.-insured accounts, average about $10,000, according to Devenir, which is based in Minneapolis and provides investment plans for H.S.A.’s. For 2014, you can contribute as much as $3,300 as an individual and $6,550 for families. ...
[A] new website, www.hsasearch.com ... lists 31 providers, along with information on fees, interest rates, minimum balance requirements and availability of investment options; it’s expected to cover about 50 accounts by the end of the year, said Eric Remjeske, Devenir’s president. The site provides links to the providers’ websites and includes some ratings from a pool of “several hundred” early users who were asked to comment on their experience....
Wednesday, December 18, 2013
HSA Update for 2014
This is from Ann Carrns at the New York Times, hat tip to Dr. John Goodman: