Health savings accounts are a great way to start saving for medical necessities now. Because health problems can strike at any time, especially when you become a senior, it’s important to have a plan. Many high deductible health plans can often make it extremely difficult to get the care and medical equipment you need, but for many, the lower monthly premiums make it worth it. But with a health savings account, you can put aside money before taxes that can be used to pay for qualified medical expenses. By using money from your health savings account, you can lower your overall health care costs before deductibles and co-payments. It should be noted that only those with a High Deductible Health Plan will be eligible for a health savings account. Among the best health savings accounts come from HSA Bank, Optum Bank and Health Equity. Read on to find out more.

Top Health Savings Accounts

  • HSA Bank
  • Optum Bank
  • Health Equity

HSA Bank

HSA Bank is one of the largest and most well-known health savings account providers out there. Serving nearly 2 million members, HSA Bank is committed to customers and their future. With over $5 billion in assets, and having worked with over 35,000 businesses, HAS bank has a ton of experience with health savings accounts.  They also have a high reputation with an A+ rating from the Better Business Bureau. Fee costs with this bank are considerably low at just $2.50 per month. There is no minimum for opening an account, but there are up to $3 in investing fees for investments lower than $5,000. Health savings accounts are FDIC insured and offer different investment options. Every account comes with access to a debit card and checking, as well as online banking. But these are just a few of the things HSA Bank has to offer.


  • Serves over 2 million satisfied customers
  • $5 billion in assets
  • No minimum investments

Optum Bank

Optum Bank is easily one of the top health savings account providers and is here to help you. With an even larger number of assets than HSA Bank, Optum Bank is currently managing up to $7 Billion in assets and holds over 3 million accounts. Fees are also considerably low at just $2.75 per month and only 0.03% of the investment amount is required for investing fees. Investment options include 26 mutual funds that customers can choose from and there is no minimum balance required. Like HSA, every account includes a debit card, checking and online banking. Accounts have an investment threshold of $2,000 and are FDIC insured.


  • Fees as low as $2.75 per month
  • Serves 3 million customers
  • Over $7 billion in assets

Health Equity

Health Equity is another big name in the world of health savings. Similar to HAS Bank, Health Equity manages $5 Billion in assets. They have around 2.7 million accounts with 26 mutual fund options. With this option are a number of fees but they are relatively low. To open account requires a $10 accounting opening fee, and $3.95 per month for maintaining the account. There is a $50 minimum balance required, but this requirement can be easily met. The investment threshold is $2,000, and the account is FDIC insured as with the above-mention accounts. Once again, a debit card, checking and online banking are all offered.


  • 26 mutual fund options
  • $5 billion in assets
  • 2.7 million customers


Health savings accounts are the perfect way to start saving for medical expenses if you have a high deductible health plan. If you are in need of a health savings account for your future medical expenses, you can start saving now before taxes are withdrawn. The top health savings accounts offered at HAS Bank, Optum Bank and Health Equity offer the greatest number of assets, low fees and low to no minimum investment. So, now is the time to start saving.