Post your comments about the HealthEquity HSA administrative fees scam and minimum account balance 😡😠🗯️
Announced at the end of the month of October and on a Friday!
6 replies (most recent on top)
For those of us who may not have received an email about changes, fees, deadlines, or other details, could someone post the relevant information please?
I didn't receive the email about Health Equity. I didn't like them when Humana announced and I researched the company. I have been only putting in $2 a paycheck to keep the account active for Humana's match. The rest I put into a Fidelity HSA. It's post tax but becomes tax free at tax time.
I didn't receive a notification about HSA fees. Where do I find that information? Did you get an email from Humana or Health Equity? I will be leaving (ERP) and I want to understand the fees and consider transferring to a different custodian.
I had a lot of issues with Health equity HSA. After leaving Humana, I moved my HSA to fidelity.
@bv Thanks for explaining, Charlie Brown’s Teacher!
For millions of Americans, 401(k)s and Health Savings Accounts are sold as vehicles for financial security. Yet behind the glossy promise lies a quiet drain — layers of administrative and management fees that steadily siphon away workers’ savings.
Employers and plan providers often strike deals that prioritize convenience or corporate kickbacks over low costs for employees. Many plans steer workers into high-fee funds, while administrative charges nibble at every contribution. Over decades, a seemingly harmless one percent annual fee can erase tens of thousands of dollars — a stealth tax on the middle class.
Financial literacy alone can’t fix this. The system is tilted toward providers, not participants. Until transparency and competition become the norm, workers will keep losing money to a system that was meant to help them retire — not enrich the intermediaries along the way.