How to invest with HSAs
Your Optum Bank Health Savings Account is a smart way to pay for qualified medical expenses, with significant tax advantages. But did you know your HSA can play an even greater role in your overall wealth and retirement strategy? That’s because once your HSA reaches a certain designated balance, you may choose to invest a portion of your HSA dollars in mutual funds.*
How to transfer funds into an investment account
You may also want to set up recurring transfers/sweeps. That way, funds that exceed your threshold will automatically be transferred to your investment account.
How to maintain your investment account
When you set up your investment account, you'll choose how you want the funds to be allocated among the available mutual funds. Once your account is established, you can change your investment elections, transfer funds and rebalance your account.
Redeeming your investments
Before you can use funds from your investment account to pay for qualified medical expenses, they'll need to be transferred back to your HSA deposit account.
Non-investment interest rates
Unrelated to mutual funds, your HSA may earn interest at tiered rates, with interest accrued daily and paid monthly. Log in to your account to see your current interest rate, located on your monthly statement.
YOUR HEALTH, YOUR MONEY
Take a Health Savings Checkup to see how much health care could cost you when you retire. You'll also get a plan to help you:
- Stay healthy
- Spend less on health care
- Save more for your future