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A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
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Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
A deep dive into how advisors can best serve the evolving needs of their wealthiest clients
Tax Facts
Anticipate your clients' tax questions on Social Security, annuities and a range of investment products
Popular Financial Topics
Go deeper on emerging topics, as well as key firms and thought leaders
May 26, 2005 at 08:00 PM
Health savings account administration fees vary widely.[@@]
Great Lakes HSA, Cleveland, an HSA administrator that is trying to promote its own HSA administration services, has published a chart that compares first-year HSA administration costs for its own HSA operation and 10 other major HSA providers.
Total first-year fees can range from $25 per year to about $85 per year, Great Lakes says.
Providers often charge start-up fees that can range from $25 to $75 per account along with monthly service fees that can amount to a total of about $25 to $70 per year, Great Lakes says.
The typical provider also charges $1 to $2 per check or other transaction, Great Lakes says.
Great Lakes notes that administration of an HSA is more complicated than administration of a normal bank account because a good provider supplies transaction codes that can help customers show that their HSA transactions qualified for HSA tax breaks.
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