The number of HSA accounts rose to 14.5 million, up 23% in just a year, and investments are making up a bigger portion of total assets, which are approaching $30 billion, according to Devenir’s mid-year 2015 research report.
You can shop around for a new HSA provider if you don’t like the terms, but there might be a fee to roll over the account to another HSA provider or to close the account altogether. Other points to check on: Is there a fixed monthly fee? Are fees waived if your balance reaches a certain level? Do you have to keep a minimum amount in the cash account (as opposed to the investment account)? What’s the investment line-up? You can search for HSA providers and compare features at Devenir’s HSASearch.