Since HSAs are already tax-advantaged accounts, fees are the largest obstacle to the potential growth of the HSA amounts you are saving for the future. There are a number of different HSA providers in the marketplace and, as a consumer, you need to know where fees may be hiding. Over the long term, it can result in significant losses and missed earnings.
Due to its tax advantages, the IRS has certain rules when it comes to the administration of HSAs. This places HSA providers in a unique position in the marketplace. For the most part, HSA providers want to provide a service to help people, but at the end of the day, they are businesses. And like all businesses, they are established, first and foremost, to make a profit.