Investing your HSA funds lets your money grow tax-free, on top of the tax-free contributions and tax-free withdrawals you already get with an HSA. Instead of just sitting as cash, your funds can be invested in options like stocks, ETFs, and mutual funds, growing over time while remaining available for qualified medical expenses whenever you need them.
How to open an investment account
Select Invest.
Select Start Investing.
Select Open My Account to start your application.
What to expect during your application
You'll answer a series of prompts about your employment status, occupation, annual income, and some legal details.
Once your investment account is created, select Start Investing to invest your HSA funds.
Drivewealth partnership
We partner with DriveWealth, a global fintech investment platform, to give you control over your investments. DriveWealth's modern infrastructure supports an easy, straightforward investing experience. As it should be!
Investment threshold
To open an investing account, you must have enough funds in your HSA to meet the investment threshold requirements. You can invest any HSA funds that exceed this requirement.
You can see your investment threshold by navigating to your Profile under Investment Settings.
Threshold vary
Investment thresholds are set by administrators and vary by HSA program. If you don't see a threshold, you might not have one!
Investment fees
Investment accounts are charged a monthly fee based on balance:
Below $5,000: $1 per month
$5,000 or more: 0.01% of the balance per month
Does a fee apply to me?
Fee responsibility varies by plan, contact your administrator to confirm how this works for you.