February 18, 2020 – Investor’s Business Daily has for the second year in a row named Saturna Capital as a top health savings account provider for people who want to invest their HSA savings. IBD compiled its list of 11 “Best of 2020” providers from dozens of HSA account providers based on investment quality, investment options, fees, customer ratings, and feedback from industry experts. IBD names Saturna’s HSA as one of the best in the category of “Investment Options” noting that “Saturna’s offerings are expansive and include the option of a self-directed brokerage account.”
“We are honored to be on the Investor’s Business Daily Best HSAs list again this year,” said Jane Carten, president and CEO of Saturna Capital. “HSAs are catching on as investment vehicles with lucrative tax advantages, yet many account holders remain unaware that they may invest their health savings. HSA data shows that the average balance of on an investment HSA is nearly nine times that of a non-investment HSA.”
Saturna HSA investors can choose from Saturna’s affiliated stock and bond mutual funds, including sustainable and certified halal funds, or broaden their choices further via a self-directed brokerage account. Saturna HSA account holders may also set up an automated investment plan for their HSA contributions, similar to what they may already be doing with their IRA or 401(k).
HSA contribution and other limits for 2020
|Health Savings Accounts (HSAs) Contribution Limits||2019||2020|
|HSA Contribution Limits (employer + employee)||$3,500||$7,000||$3,550||$7,100|
|HSA Catch-up Contributions (age 55 and older)||$1,000||$1,000||$1,000||$1,000|
|Qualified High-Deductible Health Plan Requirements||2019||2020|
|QHDHP Minimum Deductibles||$1,350||$2,700||$1,400||$2,800|
|QHDHP maximum out-of-pocket amounts¹||$6,750||$13,500||$6,900||$13,800|
¹ Including deductibles, co-payments, and other amounts, but excluding premiums. See IRS Publication 969 (www.irs.gov) for more information.