Should I Just Leave My TD Ameritrade HSA Investment Account No Longer on HDHP?

If you're considering whether to leave your TD Ameritrade HSA investment account when you switch from an HDHP, there are a few factors to consider that can help you make an informed decision.

Health Savings Account (HSA) is a valuable financial tool that allows individuals to save money for medical expenses tax-free. One of the key benefits of an HSA is its investment options, such as those offered by TD Ameritrade. However, if you no longer have a High Deductible Health Plan (HDHP), you may wonder what to do with your HSA investment account.

Here are some points to consider when deciding whether to leave your TD Ameritrade HSA investment account:

• Review the investment options available with TD Ameritrade and compare them to other HSA providers.
• Consider any fees associated with maintaining the account.
• Assess your current and future medical expenses to determine if you will need to use the funds in the near future.
• Consult with a financial advisor to understand the implications of leaving the account versus keeping it.

Ultimately, the decision to leave your TD Ameritrade HSA investment account should align with your financial goals and healthcare needs. It's essential to weigh the pros and cons before making a final choice.

Deciding whether to keep your TD Ameritrade HSA investment account after moving away from an HDHP can be a bit daunting, but it's essential to think through the various implications.