Only 5 HSA providers evaluated by Morningstar disclose all relevant information, like maintenance fees and interest rates, on their websites. (Photo: Shutterstock)
The $60 billion-plus Health Savings Account market is showing signs of evolution, but is still hampered by offerings that are commonly expensive and opaque, according to Morningstar's 2019 Health Savings Account Landscape report.
"The industry is still pretty young," said Leo Acheson, associate director, multi-asset and alternative strategies, and lead author of Morningstar's report.
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Nick Thornton
Nick Thornton is a financial writer covering retirement and health care issues for BenefitsPRO and ALM Media. He greatly enjoys learning from the vast minds in the legal, academic, advisory and money management communities when covering the retirement space. He's also written on international marketing trends, financial institution risk management, defense and energy issues, the restaurant industry in New York City, surfing, cigars, rum, travel, and fishing. When not writing, he's pushing into some land or water.
