Fact Based List:

Morningstar: Assessment of the 10 Largest HSA Accounts

  1. Alliant Credit Union/Negative(Assessment as Investment Vehicle)/Positive(Assessment as Spending Vehicle)
  2. Bank of America/Neutral(Assessment as Investment Vehicle)/Negative(Assessment as Spending Vehicle)
  3. BenefitWallet/Neutral(Assessment as Investment Vehicle)/Neutral(Assessment as Spending Vehicle)
  4. HealthEquity/Positive(Assessment as Investment Vehicle)/Neutral(Assessment as Spending Vehicle)
  5. HealthSavings Administrators/Neutral(Assessment as Investment Vehicle)/Negative(Assessment as Spending Vehicle)
  6. HSA Bank*/Neutral(Assessment as Investment Vehicle)/Neutral(Assessment as Spending Vehicle)
  7. Optum/Positive(Assessment as Investment Vehicle)/Neutral(Assessment as Spending Vehicle)
  8. SelectAccount/Neutral(Assessment as Investment Vehicle)/Positive(Assessment as Spending Vehicle)
  9. The HSA Authority/Positive(Assessment as Investment Vehicle)/Positive(Assessment as Spending Vehicle)
  10. UMB Bank**/N/A(Assessment as Investment Vehicle)/Neutral(Assessment as Spending Vehicle)

Source: 401k Specialist
Source URL: https://401kspecialistmag.com/10-largest-health-savings-acco...
Notes: *HSA Bank is Morningstar, Inc.’s HSA plan provider. **UMB Bank did not provide an investment menu and is therefore excluded from the investment vehicle evaluations.