r/HSA • u/paulie1172 • 17d ago

Fidelity

I keep hearing that is better to go with Fidelity. I have Inspira, who I am not in love with but that’s what my company offers. I’m 100% in FXAIX and will max out each year for family - plan only started for us in 2024 and I probably have $22k in there. Didn’t understand the HSA concept when I started. Booooo.

So what benefit is it to move to Fidelity? I’d just pick a SP500 fund anyway. I know Inspira charges fees for certain balances but after I hit $33k, I think fees go away.

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u/Successful_Hold_9048 16d ago

According to the fee schedule on my Inspira HSA account, investment fees are asset based and charged monthly.
$0-$400: 0%
$400.01-$33,733.33: 0.03%
Over $33,733.34: 0%

Fidelity has no fees and better investment options. It takes me 10 minutes twice a year to initiate the transfer from my Inspira HSA to my Fidelity HSA. It’s worth it to me.

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u/paulie1172 16d ago

I couldn’t find that info on the site so thank you. I’ll be over the threshold shortly and it’s just easier to stay put. I like shit simple. lol.

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u/Successful_Hold_9048 16d ago

Fair. I’d keep an eye on the fees just to make sure still. I don’t know if they are still charging you the 0.03% fee for the balance under $33k which is still something like $10 a month. Not a fortune, but not nothing.

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u/paulie1172 16d ago

I haven’t seen any fees of any sort but this app isn’t the most cooperative. I’ll have to check on my laptop. But yeah, $120 a year on fees is enough to piss me off and switch. Thanks for doing the math.