HSA investment overview
Investing HSA dollars has numerous potential tax benefits and can be an additional way to save for long-term health care expenses and financial goals.
Video: HSA Investment Overview | Optum Financial
Narrator:
Congratulations! Your health savings account has reached a designated balance, also known as the investment threshold. That means you can choose to invest some of your HSA dollars as part of your long-term savings strategy.
To set up your investment account, sign in to your account and select the “Investments” hyperlink on your HSA account page or select “Manage HSA Investments” in the “I Want To…” drop-down.
You can then follow the instructions to enroll in an investment account.
First, you will be prompted to set up your fund elections. Decide how much to invest. Select your mutual funds. And Allocate your monies across.
You will decide how much money you want to transfer into your new investment account. Then you will be prompted to set up your fund elections. This is when you select your investment options and decide how to spread the money among those funds.
You can also choose to make investing even easier with recurring transfers – any funds that exceed your designated balance will automatically be transferred into your investment account.
You can change your fund elections at any time. Sign in regularly to view your investment performance, make additional purchases, and manage your investment selections.
Remember, the funds in your investment account can grow income tax-free. And if you ever need to move money back into your HSA, it is easy to sell your investments.
If you are eligible, don’t wait! Go ahead and set up your investment account today!
Options to invest your HSA
Once your HSA reaches a certain designated balance, typically $2,000, you may choose to invest a portion of your HSA dollars.
Watch this video to learn more about how to set up your investment account — and start investing today.
Self-directed mutual fund investment options are made available through the services of an independent investment advisor, or your plan sponsor. Discretionary advisory services are provided by Betterment LLC, an SEC-registered investment adviser, with associated brokerage transactions provided by Betterment Securities, Member FINRA/SIPC. For details and disclosures visit betterment.com. The Schwab Health Savings Brokerage Account is offered to certain account holders through Charles Schwab & Co., Inc., Member FINRA/SIPC. For details and disclosures, visit schwab.com. Brokerage services are offered to certain accountholders through TD Ameritrade, Inc., Member FDIC/SIPC and a subsidiary of The Charles Schwab Corporation. For details and disclosures, visit tdameritrade.com.
Orders are accepted to effect transactions in securities only as an accommodation to HSA owners. Optum Financial and its subsidiaries are not broker-dealer or registered investment advisors and do not provide investment advice or research concerning securities, make recommendations concerning securities, or otherwise solicit securities transactions.
Health savings accounts (HSAs) are individual accounts offered through Optum Bank®, Member FDIC, or ConnectYourCare, LLC, an IRS-Designated Non-Bank Custodian of HSAs, each a subsidiary of Optum Financial, Inc. Neither Optum Financial, Inc. nor ConnectYourCare, LLC is a bank or an FDIC insured institution. HSAs are subject to eligibility requirements and restrictions on deposits and withdrawals to avoid IRS penalties. State taxes may apply. Fees may reduce earnings on account.
Flexible spending accounts (FSAs), dependent care assistance programs (DCAPs), health reimbursement arrangements (HRAs), Commuter and Parking Benefits, Tuition Assistance Plans, Adoption Assistance Plans, Surrogacy Assistance Plans, Wellness Benefits, and Lifestyle Accounts (collectively, “Employer-Sponsored Plans”) are administered on behalf of your plan sponsor by Optum Financial, Inc. or ConnectYourCare, LLC (collectively, "Optum Financial") and are subject to eligibility and restrictions. Employer-Sponsored Plans are not individually owned and amounts available under the Employer-Sponsored Plan are not FDIC insured. This communication is not intended as legal or tax advice. Federal and state laws and regulations are subject to change. Please contact a legal or tax professional for advice on eligibility, tax treatment, and restrictions. Please contact your plan administrator with questions about enrollment or plan restrictions.
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