Set up your HSA investment account

You can invest a portion of your Health Savings Account (HSA) in a wide variety of mutual funds to give your account potential to grow over time. Plus, any earnings on investments in your HSA are federally tax-free.

Some people keep enough in their cash account to cover current expenses and invest the remainder of their funds to take advantage of the potential growth opportunity to help build their account for when they may need it in the future, including retirement.

There are two options to set up investments

Automatic investing

When you select this option, the system will automatically transfer funds into and out of your investment account to maintain the cash balance you want to keep in your account—this is also known as the investment threshold.

Manual investing

When you select this option, you manage each transaction between your cash and investment accounts whenever you want, giving you more control over your investment transactions.

Graphic illustrates how the automatic investment feature works. Funds automatically transfer into and out of your investment account to maintain the cash balance you want to keep in your account—which is also known as the investment threshold.

Note: Before you can begin investing, you must first reach a minimum balance in your cash account. To find the required balance for your account:
- Go to Accounts > Investment Summary
- Select “Start Investing
- Select “Automatic Investing” and “Next” > and you will find the minimum investment threshold for your account.

Which investment option could work for me

Which investment option could work for me
Automatic investing
  • I prefer more control over my investment transactions.
  • I like to plan my own investment transactions.
  • I keep a close eye on investment performance and regularly make adjustments.

Not sure? You can change how you choose to invest at any time.

Setting up your investment account

Automatic investing

To set up automatic investing on the member website, you will need to define your investment threshold and select the mutual funds that you would like to invest in.

  1. “Accounts” > “Investment Summary”
  2. Select “Start Investing”
  3. Select “Automatic Investing” and “Next”
  4. Select “Yes” to the question “Would you like auto-investment transfer on?”
  5. Enter your investment threshold amount > “Save and Next”
  6. Choose the funds you want to invest in by entering the percentage amount in the election box, making sure your total equals 100% > “Submit”

Note: You can set up this option at any time, even if you haven’t yet reached the minimum cash balance required for investing. Then once you reach the investment threshold you established, funds will begin to transfer to your investment account.

Important note: Your debit card can only be used to pay for expenses up to the amount in your cash account. If you need to pay for a large expense with your debit card, you may need to temporarily increase your investment threshold to keep enough in your cash account to cover the expense.

Manual investing

To set up your investment account using manual investing on the member website:

  1. “Accounts” > “Investment Summary”
  2. Select “Start Investing”
  3. Select “Manual Investing” and “Next”
  4. Complete the “Select Fund(s) and Amount for One-Time Transfer” and select “Next”
  5. Review the “Transaction Details” and select “Next”
  6. Review the “Transfer Cash to Investment Disclaimer,” click the check box to agree to the terms and select “Submit”

Note: Before you can initiate a manual investment transfer, you must first meet the minimum cash balance required for investing.

Investing in securities involves risks, and there is always the potential of losing money when you invest in securities.