HealthEquity has launched Index Investor HSA, a health savings account (HSA) for the Vanguard community, and the first HSA to offer Institutional Shares, Vanguard's most cost-efficient fund class, to individual investors.
"Index Investor HSA brings together the unique tax benefits of an HSA, optimal diversification of indexing, and ultra-low expense ratios," says Dr Stephen Neeleman (pictured), founder and Vice Chairman of HealthEquity. "For retail investors looking to build tax-free assets for the long-term, we think it's an extraordinary combination."
The Index Investor HSA features 16 Vanguard funds covering 10 asset classes. There are no minimum investment requirements or trading fees. It has the lowest average operating expense ratio and lowest HSA administration fees for an all-Vanguard HSA fund lineup. Other features include free electronic funds transfers, free bill payment, free debit card, market leading online member portal and mobile apps, and live support from HealthEquity's team of expert health savings advisors, available to members every hour of every day.
For a limited time, new HealthEquity members receive free first-year administration with the rollover or transfer of at least USD1,000 from another HSA custodian within 90 days of opening an Index Investor account.
