HealthEquity
INVESTING
Just like a traditional savings account, your HSA earns interest which is not taxed. Your monthly statement displays the current interest rate paid on your account, and rates are also available when selecting ‘Interest Rates’ from the HSA menu under the ‘My Account’ tab. Once your account meets a certain cash balance threshold, you can invest in mutual funds to further maximize your HSA tax-free earning potential and pay for qualified healthcare costs now and in the future.
How to invest
- Log into the member portal
- Select ‘Investments’ from the ‘My Account’ tab
- Indicate whether you would like to receive investment advice (Advisor™) or you would like to manage your own investments without advice (Self-Driven)
Advisor™ provides web-based professional investment guidance and access to powerful online tools to maximize your tax-free HSA earning potential. Our flexible options allow you to manage your funds or have us do all of the work for you.
For more information, visit:
powered by HealthEquity ADVISORS, LLC
Disclaimer: not all features are available for all groups.
Investing FAQs
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 deposited back to your HSA cash balance within 3 to 5 business days.
What happens if my balance falls below the investments 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 don’t have to sell your investments and you don’t lose them.
Do I have to pay taxes on interest earned from my investments?
No. All interest earned on your HSA and investment accounts within your HSA is taxfree, provided it is used for qualified medical expenses. Any balances from investments sold are automatically deposited back to your HSA cash balance.
How do I know how much is in my total HSA vs. how much is invested?
Log in to your member portal. Go to “Account Balance” under “My Money”. Your total balance (investment and HSA) is displayed as your “Ledger Balance”. Your total HSA cash balance (funds available to pay eligible claims or invest [if higher than the investment threshold]) shows as your “Available Balance”.
Does HealthEquity ever change available investment options?
HealthEquity has infrequently changed the investment options and typically only adds additional options. HealthEquity reserves the right to add or remove funds at any time.