Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

In this Discussion

  • msf November 2018
Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Vanguard Rolls Out HSAs For 401(k) Participants

FYI: Vanguard Group will start offering health savings accounts to its defined-contribution-plan clients, the retirement-plan record keeper and asset manager announced Thursday, capitalizing on the increased popularity of HSAs.
Regards,
Ted
https://pressroom.vanguard.com/news/Press-Release-Vanguard-Partners-With-HealthEquity-11518.html

Comments

  • This says that Vanguard will be integrating its 401(k) processing with Health Equity's HSA. It doesn't sound like any new HSA product is being offered. Interestingly, it seems to characterize HSAs as retirement savings:
    For Vanguard participants who elect to save in a HealthEquity HSA, Vanguard’s Retirement Readiness Tool technology will integrate their HSA information with their 401(k) balance and other assets to give them a comprehensive view of their current and future retirement savings.
    Vanguard already offers some of its funds through Health Equity and through a couple of other HSAs. Here's Vanguard's retail page for those HSAs:
    https://personal.vanguard.com/us/whatweoffer/overview/healthsavings

    Health Equity overhauled its HSA about three years ago. It used to offer inexpensive access to a pretty good set of funds if I recall correctly, but switched to all Vanguard. Its HSA account costs 40 basis points/year. If you've got $10K in your HSA that costs more than several other HSAs, though if you want a fairly wide selection of Vanguard funds, this HSA can still work well for you.

    It offers index funds through cheaper institutional clones rather than through Admiral shares of retail funds, but how much of a cost difference does that amount to?

    HealthEquity retail HSA:
    https://www.healthequity.com/doclib/hsa/hsa-invest.pdf
Sign In or Register to comment.