Need to pay for a qualified medical expense but don’t have enough money in your Health Savings Account to cover it?
No problem. You can transfer funds from your HSA investment account into your cash account.
First, you’ll need to sell the funds you already own so money can be moved back into your HSA cash account.
Click on Manage Investments and choose Transfer funds from your investments.
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You can choose a dollar or a percentage amount. .
Now- indicate the transfer amount.
It’s selling made simple!
So be sure to keep track of what you expect to have in qualified medical expenses – and sell just enough of your mutual funds to help cover the costs.
Disclaimer: Investments are not FDIC insured, are not guaranteed by Optum BankÒ, and may lose value.
It’s important to speak with your financial advisor to understand if investing is right for you.
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 owner. Optum Bank 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.
Heath savings accounts (HSAs) are individual accounts offered or administered by Optum BankÒ, Member FDIC, and 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. This communication is not intended as legal or tax advice
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Learn how to sell shares of mutual funds.