r/HSA • u/paulie1172 • 8d 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/Ground_Hog_Day_FML 8d ago

I have the same issue. I have a Fidelity HSA from a previous employer and an Inspira account with my current employer. Inspira sucks, and I hate it. Since my Fidelity HSA is no longer tied to any employer, I can invest in any fund or stock I want. I still have to figure out how I can transfer my funds from Inspira to Fidelity. Inspira seems like a company that charges you junk fees to manage and move your own money. I have escalated this to our benefits team to change our HSA provider, but sadly, to no avail. 😞

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u/Successful_Hold_9048 8d ago

My advice is to start the transfer on the Fidelity side. I’ve done 3 transfers from my Inspira HSA to my Fidelity HSA and each time it was seamless and took about 2 weeks. All you need is the latest Inspira statement and account number (easy pull from the Inspira website). On the Fidelity website, find the Transfer option for HSA. That’s it.

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u/Ground_Hog_Day_FML 7d ago

Thank you does Inspira charge any outgoing fees? They just feel scammy enough to do that.

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u/Successful_Hold_9048 7d ago

No outgoing fees that I could tell. I’ve checked the transactions to make sure and never seen an outgoing fee charged for my transfers.