Skip to Content
Fund Spy

4 HSAs With the Best Investment Menu Designs

Diversification with minimal overlap is the best recipe for HSA investment menus.

In our inaugural report evaluating health savings account plans, we looked at 10 of the largest through two separate lenses: as a spending vehicle to cover current medical costs, and as an investment vehicle to save for future medical expenses.

When evaluating HSAs as spending vehicles, we focused primarily on the maintenance fees charged by each plan. When analyzing plans from an investment-vehicle standpoint, we focused on their investment menus and considered three main components to determine an overall assessment: menu design, quality of investments, and price. We also considered past performance of the funds, though we placed little emphasis on that as we don't believe performance is predictive of future results.