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Horizon CDH Learning Site

Choosing an HSA Plan

This page covers HSA plan information


Choosing a health savings account (HSA) is an important step in managing your current and future health care expenses. This unique, tax-advantaged account gives you the flexibility, security and control necessary to meet changing health care needs.

Horizon MyWay Select HSA
FDIC insured account with an investment option.

No Hidden Fees

While other HSA administrators have complex fee structures, Horizon does not charge for the following:

  • Account opening or closing fees: $0
  • Debit cards: $0
  • Replacement debit cards: $0
  • Over contribution fee: $0
  • Contribution return fee: $0
  • Stopping payment fee: $0

Account Credit Rates

As you compare HSA programs, be sure to ask how interest is calculated. Horizon keeps it simple so you earn the stated rate on the entire account balance. Some banks pay interest based on the balance and rate in each balance tier.

Interest rates and balance tiers are subject to change without notice.

  Base Balance

Plan Type






Horizon MyWay Select HSA* 0.05% 0.07% 0.07% 0.10% 0.10%

Interest rates effective as of June 1, 2020.

*The Horizon MyWay Select HSA is FDIC insured.  

Investment Account Options

Account type

Available funds

Annual account service fees*

Base Balance

Funds in the Base Balance earn interest at rates set by Horizon. Members may leave all funds in the base account.

Annual fees vary

Basic Investment Account

When a member's Base Balance exceeds $1,000, you have the option to invest the amount over this threshold in a variety of pre-selected mutual funds.

An additional $18.00 per year**; this fee is paid out of the Basic Investment Account

Health Savings Brokerage Account

When a member's Basic Investment Account exceeds $10,000, you have the option to allocate all investment dollars in a wider range of mutual funds as well as stocks, bonds and other investments.

An additional $18.00 per year**; this fee is paid out of the Health Savings Brokerage Account.

*These fees are in addition to any HSA account administrative fees that Horizon may charge.
**The annual fee is not cumulative. Members with both types of investment account will only pay one $18 fee per year.

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