# Tell me about HSAs and qHDHPs **URL:** \ **Category:** In My Humble Opinion\ **Created:** [March 11, 2010, 2:47pm UTC](https://boards.straightdope.com/t/tell-me-about-hsas-and-qhdhps/532103 "2010-03-11T14:47:43Z")\ **Posts on this page:** 4\ **Page:** 2
**Author:** ![Athena](https://avatars.discourse-cdn.com/v4/letter/a/35a633/32.png) [@Athena](https://boards.straightdope.com/u/Athena)\ **Post date:** [March 12, 2010, 4:47pm UTC](https://boards.straightdope.com/t/tell-me-about-hsas-and-qhdhps/532103/21 "2010-03-12T16:47:24Z")
> [@ZipperJJ](#): > > AFAIK, you ARE allowed to choose the bank that manages your HSA. It is completely separate from the insurance company. > > But, from everything I’ve read I am almost positive that you can set up your account with any bank you choose, so long as they have an HSA product. You can definitely choose the bank. I had the HD policy long before I had the HSA. When I got the HSA, it had nothing to do with the policy I had - I just had to shop around and find a good deal on the HSA from a bank. ---
**Author:** ![Really\_Not\_All\_That\_Bright](https://avatars.discourse-cdn.com/v4/letter/r/e8c25b/32.png) [@Really\_Not\_All\_That\_Bright](https://boards.straightdope.com/u/Really_Not_All_That_Bright)\ **Post date:** [March 12, 2010, 6:13pm UTC](https://boards.straightdope.com/t/tell-me-about-hsas-and-qhdhps/532103/22 "2010-03-12T18:13:21Z")
I got a list of account fees and there are no service charges or minimum balances at the moment. I can switch banks but then I won’t get an employer contribution. ---
**Author:** ![Sateryn76](https://avatars.discourse-cdn.com/v4/letter/s/a88e4f/32.png) [@Sateryn76](https://boards.straightdope.com/u/Sateryn76)\ **Post date:** [March 12, 2010, 7:17pm UTC](https://boards.straightdope.com/t/tell-me-about-hsas-and-qhdhps/532103/23 "2010-03-12T19:17:41Z")
> [@Nars\_Glinley](#): > > :eek: I honestly didn’t know you could have that high of a deductible. We have the same deductible. It’s not all that high if you no chronic conditions. Say if we get into a car accident, and end up with $30K in medical bills (estimates): 1 - Tap out the HSA - $3000 2 - An AFLAC like plan that pays cash for accident related injuries and care - $3000 3 - A low-interest credit account specifically for medical care - $4000 4 - 100% percent coverage for the rest - $20,000 ---
**Author:** ![Sateryn76](https://avatars.discourse-cdn.com/v4/letter/s/a88e4f/32.png) [@Sateryn76](https://boards.straightdope.com/u/Sateryn76)\ **Post date:** [March 12, 2010, 7:18pm UTC](https://boards.straightdope.com/t/tell-me-about-hsas-and-qhdhps/532103/24 "2010-03-12T19:18:44Z")
> [@Athena](#): > > You can definitely choose the bank. I had the HD policy long before I had the HSA. When I got the HSA, it had nothing to do with the policy I had - I just had to shop around and find a good deal on the HSA from a bank. I concur - we did our setup completely independently of any employer, so we just opened an account with our bank that has our regular checking/savings and mortgage loan. [Previous page](https://boards.straightdope.com/t/tell-me-about-hsas-and-qhdhps/532103.md?page=1)