HSA Investing: Complement Your Retirement Strategy
You already qualify and can begin investing today!
Did you know your HSA has a built-in investment account and can be used like a 401(k) for health care costs? Because the money in your HSA never expires, it can be a great complement to your long-term and retirement savings strategies*.
How does it work?
Your HSA Investment account is built into BenefitWallet. Manage your investment account here and easily move money back and forth between the HSA Checking and HSA Investment portions of your account. If you need to spend money that is invested, transfer what you need to the HSA Checking account. It’s that easy!
- You can save for medical expenses in retirement.
- Your investment gains are tax free***.
- You have the potential of investment growth.
- You have the flexibility to spend the money any time - from today through retirement.
Steps to get started
- 1 Review and research performance on the range of available mutual funds to make decisions about which funds meet your objectives and risk tolerance.
- 2 Choose how much to invest and transfer that amount into the investment portion of your HSA.
- 3 Allocate investments into the mutual funds you choose.
- 4 If you'd like to have new deposits of your HSA flow into your investments election automatically. sign up for automatic investing.
*BenefitWallet is not recommending any investment, nor can it assure you of a profit or protect you against any losses on any investment you make using the BenefitWallet investment platform.
**Investment gains are not subject to federal income tax or state income tax in most states.
The investments you make through your BenifitWallet account are not federally insured, are not guarantees or obligations of SaveDaily or BenefitWallet and may involve risk, including possible loss of principal.