Morningstar this week published its fifth annual landscape study on health savings accounts available to individuals.
The investment research provider evaluated 11 of the most prominent HSA providers' offerings for two different use cases: as an investment account to save for future medical expenses and as a spending account to cover current medical costs.
This year's assessment found that providers have made progress over the past year by cutting fees, streamlining investment menus and offering higher quality funds. Yet despite cuts, fees vary across providers and by account balance.
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Michael S. Fischer
Michael S. Fischer is a longtime contributing writer for ThinkAdvisor. He previously reported on trade and intellectual property topics for the Economist Intelligence Unit and covered the hedge fund industry for MARHedge and Reuters News Service.
