I no longer have high deductible insurance. My HSA holder is charging me $4 every month but it seem there is no way to avoid it. It's too late to change my insurance and if I put the money into any other kind of account I will be hit with income tax and a penalty. This is extortion. All this because my company got bought out and my new company. doesn't pay the fees.
StephenWeinstein
You can switch to another "HSA holder" (the correct "custodian") that does not chare this fee. For example, First American Bank in Illinois offers HSA accounts without a monthly fee.
Casey Y
Find another bank.
Zarnev
You can try your local credit union. The credit unions in my area do not charge anything for the HSA accounts and the charges for the main checking and savings accounts are much less than the big box banks.
?
you should have been offered some options at the buy out
Trivial One
You probably can't avoid fees entirely, but you could roll over the HSA to another custodian. I pay $2.50 a month for my HSA account. That still seems like a lot, but I make it up in investments (at least until about a week ago!) and tax advantages. Shop around for an administrator.