Frontier HSA vs myHSA

Comparing Frontier HSA and myHSA

myHSA offers no annual fee with approximately 10% claim fees. Frontier charges an annual fee but with lower claim percentages. Here's how to decide.

The Price Comparison

myHSA: $0/year, ~10% on claims Frontier Individual: $120/year, 8% on claims Frontier Business: $450/year, 5% on claims

Breaking Down the Math for Individuals

If you claim $1,500/year:

• myHSA: $0 + $150 (10%) = $150
• Frontier: $120 + $120 (8%) = $240
• myHSA saves you $90

If you claim $3,000/year:

• myHSA: $0 + $300 (10%) = $300
• Frontier: $120 + $240 (8%) = $360
• myHSA saves you $60

If you claim $6,000/year:

• myHSA: $0 + $600 (10%) = $600
• Frontier: $120 + $480 (8%) = $600
• Break even

If you claim $10,000/year:

• myHSA: $0 + $1,000 (10%) = $1,000
• Frontier: $120 + $800 (8%) = $920
• Frontier saves you $80

For Businesses with Staff

The math favors Frontier much earlier:

$10,000 in annual team claims:

• myHSA: $1,000 (10%)
• Frontier: $450 + $500 (5%) = $950
• Frontier saves $50

$25,000 in annual team claims:

• myHSA: $2,500 (10%)
• Frontier: $450 + $1,250 (5%) = $1,700
• Frontier saves $800

When to Choose Frontier

Higher Claim Volume

If you or your team claim more than $6,000/year, Frontier's lower percentage saves you money.

Business with Employees

Our 5% group rate beats 10% significantly on any meaningful claim volume.

Faster Reimbursements

Frontier processes most claims within 24 hours vs 3-5 business days.

Modern Platform

Mobile app, instant tracking, clean interface designed for ease of use.

When myHSA Might Work

If you:

• Claim less than $3,000/year
• Prefer no annual commitment
• Don't mind higher percentage fees

Then myHSA's no-annual-fee model may suit you better.

The Bottom Line

For low-claiming individuals, myHSA's no-fee model is attractive.

For businesses or higher-claiming individuals, Frontier's lower percentages save real money.

Frequently Asked Questions

Why does Frontier charge an annual fee?

Our fee covers platform development, 24-hour claim processing, customer support, and CRA compliance documentation. Lower claim fees offset the annual cost for most users.

Is the coverage the same?

Yes. Both are CRA-compliant HSAs covering all eligible medical expenses. The difference is pricing structure and service level.

Can I try Frontier risk-free?

We don't offer free trials, but you can cancel anytime with no penalty. If you're not satisfied, we'll work with you to make it right.