Options to invest your HSA funds
Your HSA is an investment vehicle that can play an important role in your wealth and retirement strategy. Sign in and start investing today.
Accelerate your financial wellness — start investing now
Once your health savings account (HSA) reaches a certain designated balance, you may choose to invest a portion of your HSA dollars.
Investing HSA dollars has many potential tax benefits and can be an additional way to save for long-term health care needs and financial goals. HSAs are triple tax advantaged, making them an effective savings and investment account.
Benefits of investing your HSA:
- HSA investments are easy to set up by signing into your account online.
- Any investment earnings, such as interest or dividends, are income tax-free.
- If you have unexpected medical expenses, you can easily transfer your investment funds back into your HSA. If you’re investing with Betterment, they will make it easy by automatically selling the right funds for you.
Video
Investment options
Once your HSA reaches a certain designated balance, you may choose to invest a portion of your HSA dollars.* Optum Financial makes investing easy and more accessible for you by offering two investment opportunities.
Watch this video to learn more about your investment options and how to start investing today.
HSA Investment Overview
Narrator:
Your health savings account, or HSA, can be a smart long-term investment vehicle that can play an important role in your overall wealth and retirement strategy. Investing a portion of your HSA dollars, if you choose to do so, may potentially grow your savings and can be an additional way to save for long- term health care needs and your financial goals.
In general, contributions to your HSA and potential investment earnings, such as interest or dividends, are income tax free. Once your HSA reaches a certain designated balance, also known as the investment threshold, you may choose to invest a portion of your HSA dollars. We make investing easy and accessible by offering you two investment opportunities.
Your first option is investing your HSA dollars in self-directed mutual funds. You can choose from a wide variety of over 30 mutual funds including life stage funds. They average a four-star Morningstar rating and represent some of the lowest expense ratios in the industry.
Your second option is investing with Betterment. Betterment helps take the guesswork out of investing your HSA. Based on your HSA investment goals Betterment will recommend a personalized portfolio of low-cost exchange traded funds or ETF's and keep your HSA investment on track through auto deposits and automated rebalancing.
Ready to get started? Simply decide how much you would like to transfer into an investment account. The first time you invest, your balance must meet the minimum requirement to invest, plus $100 that you can spread across the funds of your choice. After that, you can invest any amount, as long as you have enough to cover the price of a full share. Then sign into your account and select the investment option that is best for you. If you choose self-directed mutual funds, the asset allocation calculator can help you decide which funds are right for you.
If you choose Betterment, you will answer a few questions and Betterment will create a customized portfolio to suit your needs and invest your HSA dollars for you. If an unexpected medical expense comes up it's no problem. You can easily transfer your investment funds back into your HSA to pay for them. It's that easy. So, give your future a boost and start investing today.
Visit optumfinancial.com to learn more.
Choose the investing option that is right for you
Looking to invest yourself? Try self-directed mutual funds.
You can choose from a wide variety of mutual funds screened for high Morningstar ratings and some of the lowest expense ratios in the industry.
There are over 25 mutual funds from leading investment firms, with diverse choices by investment objective, market sector and asset class.
Sign in to your account to view educational tools and resources such as videos and an asset allocation calculator. These can help you decide how to allocate your portfolio among different types of mutual funds. You can find these resources and more in the "Investments" drop-down in the main menu bar.
Need help or pressed for time? Try digitally managed investments with Betterment
Betterment is the largest independent digital investing advisor and offers a more managed, automated way to invest your HSA money. Betterment combines low-cost, tax-efficient investment strategies with technology and personalized advice to help you pursue your financial goals.
Based on your answers to a few questions about your goals, time horizon and comfort with risk, Betterment will customize a portfolio of exchange traded funds (ETFs) to help you meet your needs. ETFs are chosen using criteria such as low cost, tax efficiency and diversification that align with your goals and risk profile.
As your investment goals evolve, you can always update your profile so that your investments stay aligned with your objectives. When you want to add or remove funds from your investments to pay for qualified medical expenses, Betterment will automatically buy or sell what is needed to ensure your portfolio maintains the right asset allocation and level of risk.
Resource center
Your Optum Financial health savings account (HSA) is a smart long-term investment vehicle that can play an important role in your overall wealth and retirement strategy.
Browse our investing resources to learn more about your investing options and how to get started.
HSA Investment Overview
Watch this video to learn more about how to set up your investment account — and start investing today.
Investing opportunities for your HSA
Your Optum Financial health savings account (HSA) is a smart long-term investment vehicle that can play an important role in your overall wealth and retirement strategy.
HSAs: Part of your financial plan
Learn more about how investing your HSA can be part of your broader financial planning to create a savings nest egg and potentially save big on taxes.
HSA: A tool for retirement savings
Use your HSA as a long-term investment vehicle that can play an even greater role in your overall wealth and retirement strategy.
FAQs
-
OR
-
OR
-
OR
-
OR
-
OR
*Investment threshold amounts may vary. Check with your employer or sign in to your account for more information.
Mutual fund investment options are made available through the services of an independent investment advisor. Shares are offered through Charles Schwab & Co., Inc., a registered broker-dealer. Orders are accepted to effect transactions in securities only as an accommodation to HSA and MSA owners.
Optum Financial is not a broker-dealer or registered investment advisor, and does not provide investment advice or research concerning securities, make recommendations concerning securities, or otherwise solicit securities transactions.
Advisory services provided by Betterment LLC, an SEC-registered investment adviser.
Brokerage services provided to clients of Betterment LLC by Betterment Securities, an SEC-registered broker-dealer and member of FINRA/SIPC. To the extent that this message is notifying you of the availability of a trade confirmation or account statement, this notification is being made by Betterment Securities.
Investments in securities: Not FDIC Insured • No Bank Guarantee • May Lose Value. Investing in securities involves risks, and there is always the potential of losing money when you invest in securities. Before investing, consider your investment objectives and Betterment LLC’s charges and expenses. Past performance does not guarantee future results, and the likelihood of investment outcomes are hypothetical in nature.
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.
Google Play and the Google Play logo are trademarks of Google LLC. Apple and the Apple logo are trademarks of Apple Inc., registered in the U.S. and other countries. App Store is a service mark of Apple Inc., registered in the U.S. and other countries.
The promotional code OPTFSA7, OPTHSA5 and OPTHRA7 cannot be applied to previously placed orders, and cannot be combined with other promotional codes. Additionally, the code cannot be used for prescription drugs or virtual care visits. Promotional codes are not transferable or redeemable for cash or credit. To apply a promotional code you must enter it prior to completing the order.
Free and expedited shipping offers do not apply to shipping outside of the contiguous United States. Additional shipping restrictions may apply.
The Optum Store is an affiliate of the UnitedHealth Group family of companies.
Your employer sponsored plan may exclude reimbursement for certain categories of items. Check your plan document and summary plan description or contact your benefits department for specific coverage details.
© 2022 Optum, Inc. All rights reserved