This key fact can wipe the shine off a health savings account

If you’re investing your HSA balance, consider how your provider will charge you. Dollar-based fees are kinder to large balances.

“Whether it’s $5,000 or $50,000, with a large account balance, you’ll pay more in fees with a fixed expense ratio,” said Acheson.

You should also think about the investments available to you.

Plans with index funds tend to be on the cheap side, with an average fee of 0.56 percent, according to Morningstar. That fee considers the cost of the underlying fund and the maintenance and investment fees.

In comparison, plans with actively managed funds have an average all-in fee of 1.05 percent.

See below for Morningstar’s rankings of HSA providers for individuals who will invest their savings.

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