FinanceHealth Savings Account
#RI-69ba7199·6 months ago·
1
“To evaluate the impact of HealthEquity's fees vs. sweeping funds to a no-fee provider”
What Actually Happened
Modeling the 30-year impact of HealthEquity's fees vs. sweeping funds to a no-fee provider showed that the $10/month fee cap limits the overall compounding drag in a material way
What I wish I knew
"The fee cap has a significant impact on the overall compounding drag"
Advice to Someone Facing This Now
If I could tell you one thing
"Consider the fee cap when evaluating the impact of HealthEquity's fees vs. sweeping funds to a no-fee provider"
Regret Index
2/10
Positive or neutral outcome.
Would make the same decision again.
Would make the same decision again.
Advice for Someone Facing This
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Finance Category
2,949
Finance decisions logged. Avg regret 4.9/10 across the category.
Same Outcome Band
41%
of Finance decisions land in the settled band the same as this one.
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