Health Savings Account

Offer more value to your clients—and help grow your business—with a Health Savings Account (HSA)

Paying for healthcare is the #1 financial concern among investors, including millionaires.


% of millionaires who have worries in each
category of well-being

The HSA lets you help your individual clients manage today's health care expenses and plan, save, and invest for current and future health care needs.

It's an open architecture brokerage account with easy setup and ongoing management, and includes:

  • The ability to fund and transfer assets
  • Trading, reporting, correspondence, and service features
  • Cash management features, a debit card, checkwriting, and billpay
The HSA opportunity for broker-dealers and advisors
  • Helps to further diversify your business
  • Potentially increases your revenue and assets under management
  • Provides more value to your clients, deepens client relationships, and improves client retention
  • Supports small-business clients
  • Offers the option to have assets professionally managed

$24B in investable assets available1


In 2020, total HSA assets surpassed $82B, $24B of which is considered investable (i.e., not in a checking account) and is growing at a faster rate than total HSA assets.

The HSA benefits for your clients

Triple tax advantage

  • Pretax contributions
  • Tax-free qualified withdrawals
  • Tax-deferred earnings

It's the individual investor's money—and it stays with them

  • Completely portable for individual investors—Even if they move, change employers, or change health plans, their HSA stays with them.
  • No "use it or lose it"—The account belongs to the individual and does not need to be used each year.

Flexibility and choice

  • Use it now—Easy access for current qualified medical expenses
  • Save and invest for later—Provides the option to invest some or all of their HSA money for potential growth as a way to prepare for health care costs in retirement
  • Option for professional management of assets

Cash management capabilities

  • HSA-specific debit card provided to registered account owner for all accounts
  • Check writing
  • Electronic billpay
EligibilityMust be covered by ahigh-deductible health plan (HDHP)Not enrolled in Medicare andnot a dependent on anotherperson’s tax returnMaximum Contribution for 2022individual$3,650family$7,30055+catch-up contributionfor people 55 and older$1,000

Awards & Recognition

Fidelity ranked the best HSA for savers and spenders by Morningstar for 3 years in a row2


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