Health Savings Account: Don’t Forget About It
After getting through my first day of work, I spent some time dealing with insurance. This reminded me that I still had an active health savings account from my previous company. Can’t forget my hard earned money, right?
Fees Stinkin’ Fees
After retrieving my username and password, I logged into my HSA account and saw the carnage. Earlier in the year, I cut over to my wife’s health insurance. My account was still active, but it was no longer being funded. I had a small balance, but I had forgotten that there was a monthly maintenance fee. I quickly closed my account and am waiting for my final check.
We all work hard for our money and hopefully we are making our money work for us. But with numerous job changes and moves throughout our life, we are bound to have more than a handful of checking, savings, investment, and retirement accounts. Do you have all your accounts in order? If not, spend some time to take an inventory. Consolidate accounts if possible. Close accounts that are inactive and shrinking from maintenance fees. Make sure you don’t forget about your hard earned money stored in accounts you may have forgotten about long ago.