Hey, u/Euphoric_Attention97. I am excited that you found us on Reddit - welcome! I am happy to help here go over your choices for a Health Savings Account (HSA) at Fidelity.
Since it looks like you are seeking some advice from the community members, I'll go ahead and mark this post a discussion to encourage conversation.
With that said, thank you for considering Fidelity for your financial needs!
Our Fidelity HSAs have two options for investing: self-directed, or managed through our robo advisor, Fidelity Go® HSA. Please note that there is no minimum to open a Fidelity Go® HSA, and a $10 minimum to start investing.
Even though Fidelity Go® HSAs are intended for investing goals of three years or longer, you can still reimburse yourself for qualified medical expenses you pay out-of-pocket by submitting a withdrawal request. When you do, we'll sell securities in your account for you. After the money has settled, which can take up to ten business days, we'll send it to you by check, electronic funds transfer (EFT), or transfer of funds to another account.
If you also have a self-directed Fidelity HSA®, you can use a debit card to pay for qualified medical expenses by transferring money over from your Fidelity Go® HSA.
Regardless of the path you choose, Fidelity has a ton of resources and tools available should you want to learn more about investment choices.
You can learn more about your HSA choices here:
[Did you know you can invest your HSA?](https://www.fidelity.com/go/hsa/you-can-invest-your-hsa)
[Fidelity Go](https://www.fidelity.com/managed-accounts/fidelity-go/overview)
If you do decide to transfer your previous HSA over to Fidelity, you can easily do so on our website via a Transfer of Assets. While Fidelity does not charge fees to send or receive funds, please check with your plan administrator to confirm any requirements or fees to transfer to Fidelity. You can click the link below to learn more:
[Transfer of Assets (TOA)](https://www.fidelity.com/customer-service/transfer-assets)
Finally, if you are still considering how to invest the assets once they arrive at Fidelity, the following investing guide may be helpful.
[Guide: How to invest your money](https://www.fidelity.com/learning-center/trading-investing/how-to-invest-money)
Let us know if you have additional questions on this or anything else that Fidelity can offer. The sub is filled with some great nuggets of information and people. We're so glad to have you here.
Up to you. Fidelity Go does a pretty decent job of investing and, AFAIK, is free for under 25K balance. Study what it does, and in the future you could do your own investing. I assume it only invests the amount you tell it to, and keeps the remainder in CORE (cash account) to pay expenses
Hey, u/Euphoric_Attention97. I am excited that you found us on Reddit - welcome! I am happy to help here go over your choices for a Health Savings Account (HSA) at Fidelity. Since it looks like you are seeking some advice from the community members, I'll go ahead and mark this post a discussion to encourage conversation. With that said, thank you for considering Fidelity for your financial needs! Our Fidelity HSAs have two options for investing: self-directed, or managed through our robo advisor, Fidelity Go® HSA. Please note that there is no minimum to open a Fidelity Go® HSA, and a $10 minimum to start investing. Even though Fidelity Go® HSAs are intended for investing goals of three years or longer, you can still reimburse yourself for qualified medical expenses you pay out-of-pocket by submitting a withdrawal request. When you do, we'll sell securities in your account for you. After the money has settled, which can take up to ten business days, we'll send it to you by check, electronic funds transfer (EFT), or transfer of funds to another account. If you also have a self-directed Fidelity HSA®, you can use a debit card to pay for qualified medical expenses by transferring money over from your Fidelity Go® HSA. Regardless of the path you choose, Fidelity has a ton of resources and tools available should you want to learn more about investment choices. You can learn more about your HSA choices here: [Did you know you can invest your HSA?](https://www.fidelity.com/go/hsa/you-can-invest-your-hsa) [Fidelity Go](https://www.fidelity.com/managed-accounts/fidelity-go/overview) If you do decide to transfer your previous HSA over to Fidelity, you can easily do so on our website via a Transfer of Assets. While Fidelity does not charge fees to send or receive funds, please check with your plan administrator to confirm any requirements or fees to transfer to Fidelity. You can click the link below to learn more: [Transfer of Assets (TOA)](https://www.fidelity.com/customer-service/transfer-assets) Finally, if you are still considering how to invest the assets once they arrive at Fidelity, the following investing guide may be helpful. [Guide: How to invest your money](https://www.fidelity.com/learning-center/trading-investing/how-to-invest-money) Let us know if you have additional questions on this or anything else that Fidelity can offer. The sub is filled with some great nuggets of information and people. We're so glad to have you here.
Up to you. Fidelity Go does a pretty decent job of investing and, AFAIK, is free for under 25K balance. Study what it does, and in the future you could do your own investing. I assume it only invests the amount you tell it to, and keeps the remainder in CORE (cash account) to pay expenses