Health savings accounts (HSAs) are savings accounts, and. cash balances in your HSA are held at a Federal Deposit Insurance Corporation (FDIC)-insured bank and are covered up to $250,000 per depositor.
Investment risk
If your HSA platform offers investments and you choose to invest, FDIC coverage doesn't apply to any invested funds. Invested funds carry their own investment risk.
For more information, visit https://www.fdic.gov/resources/deposit-insurance