Understanding the Cost of a Fidelity HSA Account

Health Savings Accounts (HSAs) are a great way to save for medical expenses while enjoying tax benefits. When it comes to Fidelity HSA accounts, the costs can vary depending on various factors.

Here's a breakdown of the potential costs of a Fidelity HSA account:

• Monthly Fee: Fidelity may charge a small monthly administrative fee for maintaining your HSA account.
• Investment Fees: If you choose to invest your HSA funds, there might be investment fees associated with managing your investments.
• Transaction Fees: Some transactions, such as wire transfers or excessive withdrawals, may incur fees.
• Other Fees: Additional fees may apply for services like paper statements or replacement cards.

It's essential to review the fee schedule provided by Fidelity or speak to a representative to understand the specific costs associated with their HSA accounts.

Health Savings Accounts (HSAs) are an excellent tool for managing healthcare costs while providing valuable tax advantages, and understanding the potential costs associated with a Fidelity HSA account can help you make informed financial decisions.