HSA Investment | HealthEquity
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HSA investment

A key benefit of an HSA is that the tax free funds in your account can be invested. Account holders can potentially earn a return on their savings.

Maximize investments with HSA tax benefits

HSA investment can be a useful tool for individuals looking to save money on healthcare costs and potentially earn long-term growth with significant tax savings compared to other retirement account options.

Make pre-tax contributions

Grow tax-free earnings

Enjoy tax-free distribution

Join our five million+ health savers

16%

higher average balance for HealthEquity members as compared to the industry

Devenir Research1

Based on findings from 2022

How to get started

  1. Must have an HSA and a high-deductible health plan (HDHP) with HealthEquity and meet the amount minimum to start investing. If eligible, open an HSA account.
  2. Determine the contribution limit. The IRS sets annual contribution limits for HSAs.
  3. Choose your investments from the range of Vanguard Investment options that suits your needs and risk tolerance. We have a few HSA investing tools that can make it easier.
  4. Start investing for your future. Contribute more to your HSA and watch your savings grow.

Vanguard funds investment lineup

Vanguard is the largest provider of mutual funds in the world and has more than 6 trillion dollars in assets under management. Each of the funds we offer carries a comparatively low expense ratio (an expense ratio expresses the percentage of assets deducted each fiscal year for fund expenses). In addition, most of the funds we offer are rated 4- and 5-star by Morningstar, an industry-leading research and advisory firm. Be confident that no matter your selection, you’ll be investing in high-quality funds.

HSA investing tools

Take advantage of our web-based automated investing advice and recommendations.

Personalize guidance

When you sign up for Advisor™ you will complete a simple personal risk profile. Based on this profile, Advisor™ provides guidance and management on:

  • How much cash to keep in your HSA
  • How much to invest
  • How to optimally diversify amongst the available mutual funds to manage risk and maximize growth potential.

Advice is dependent on your personal risk profile. You are able to edit your risk profile settings on the Advisor™ page at any time to become more conservative or aggressive. Advisor™ will adjust your advice based on your changes.

Optimized diversifications

As markets fluctuate, Advisor™ watches various risk and fund quality metrics to make sure your HSA investments are optimally diversified.

Monitoring your money

You receive vital ongoing advice, oversight and continual portfolio maintenance through the web-based tool Advisor. No matter the size of your investment portfolio, valuable guidance and management is available to you through HealthEquity Advisors, LLC™.

Options for investing

HealthEquity offers access to 3 options for investing in mutual funds: AutoPilot, GPS and Self-driven

AutoPilot

Powered by AdvisorTM

GPS

Powered by AdvisorTM

Self-Driven

Self guided investment

Advice type

Full service

Guidance

None

Implementation and timing

Automatic

Member

None

Advised portfolio rebalancing

Automatic

Member

None

Advised fund rotation

Automatic

Member

None

Advised category rotation

Automatic

Member

None

Portfolio alerts

Yes

Yes

No

Weekly performance summary

Yes

Yes

No

Monthly investment advisory fees

.05 percent ($15 monthly fee cap)

.05 percent ($15 monthly fee cap)

None

Monthly investment administration fees

.03 percent ($10 monthly fee cap)*

.03 percent ($10 monthly fee cap)*

.03 percent ($10 monthly fee cap)*

AutoPilot

GPS

Self-driven

  • Full service

    Guidance

    None

  • Automatic

    Member

    None

  • Automatic

    Member

    None

  • Automatic

    Member

    None

  • Automatic

    Member

    None

  • Yes

    Yes

    No

  • Yes

    Yes

    No

  • .05 percent ($15 monthly fee cap)

    .05 percent ($15 monthly fee cap)

    None

  • .03 percent ($10 monthly fee cap)*

    .03 percent ($10 monthly fee cap)*

    .03 percent ($10 monthly fee cap)*

Transfer or rollover existing HSA

If you currently have an HSA, maximize savings by moving your existing HSA dollars to HealthEquity. Double interest is available to any HealthEquity HSA account holder who transfers or rollovers $250 or more from another HSA.

Move it. Double it HSA Transfer/ Rollover Form

Frequently Asked Questions

  • What happens if my balance falls below the investment threshold?

    You will not be allowed to invest any more funds until your balance exceeds the investment threshold. Investment and HSA cash balances are treated as separate accounts, and there is no consequence to your investments if your available balance falls below the investment threshold. You do not have to sell you investments and you do not lose them.

  • Are my eligible medical claims paid for or reimbursed from my investment account?

    No. Investment account balances are separate from your cash balance. To use investment funds to pay for claims you must sell shares. The proceeds from the sale are automatically moved to your HSA cash balance within three to five business days.

  • How do I know my HSA cash balance vs. how much is invested?

    Log in to your member portal. Your HSA cash balance and investment balances will display in the ‘Account Balances’ section. You can also select ‘Account Summary’ from the ‘My Account’ tab.

  • Do I have to pay taxes on interest earned from my investments?

    No. All interest earned on your HSA and investment account within your HSA is tax-free, provided it is used for qualified medical expenses. Any balances from investments sold are automatically moved into your HSA cash balance.

  • Does HealthEquity ever change available investment options?

    HealthEquity Advisors, LLC, a wholly owned subsidiary of HealthEquity Inc., actively monitors fund performance to ensure we are providing the best experience to our members. Any changes would be for the betterment of our members. HealthEquity reserves the right to add or remove funds at any time.

COBRA/Direct Bill Employer login

Please refer to your Client Welcome email for the URL of your specific COBRA/Direct Bill Employer login page.

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