Blog
HSA

Can I Invest my HSA money?

2 min read • September 27, 2017
30 sec brief

Healthcare costs are growing. Healthcare retirement costs are projected to exceed $275,000 for couples (on top of Medicare). Everyone is feeling the pinch – from individuals and employees to employers. Finding ways to create further financial gains even on small dollars, is becoming more important. HSA Investments HSAs provide an easy and automated way to save tax-free dollars...

Healthcare costs are growing. Healthcare retirement costs are projected to exceed $275,000 for couples (on top of Medicare). Everyone is feeling the pinch – from individuals and employees to employers. Finding ways to create further financial gains even on small dollars, is becoming more important.

HSA Investments

HSAs provide an easy and automated way to save tax-free dollars for future health costs. Coupled with HSA Investments, individuals and employees have a clear path to grow their health savings even faster through the power of compound interest and market growth. You can invest your Lively HSA for free*. Sign up or log into your Lively HSA to get started.

Minimum HSA Balance Required?

Often HSA providers require minimum account balances to invest. Why would HSA providers want to limit your HSA savings and long-term account balance growth? At Lively, we want our customers to be able to leverage the power of HSA Investments, so unlike other providers, Lively account holders can invest from Day 1, with no minimum required.

What can I Invest In?

Many HSAs have pre-selected funds or investing limitations, so do your due diligence before you get started. At Lively, it’s simple to invest your HSA funds by leveraging a variety of investment options, including individual stocks, bonds, CDs, over 100 commission-free ETFs, and more than 13,000 mutual funds offered by TD Ameritrade. Simply put, you can invest in what you want.

What if I need to pay for a Qualified Out-of-Pocket Medical Expense?

Don’t worry we have you covered. You can reimburse yourself as long as you have an account opened and funded by choosing the option that works best for you. You could:

  1. Pay for qualified out-of-pocket medical expenses using your existing HSA cash balance
  2. Save the receipt and reimburse yourself at a later date, once you have accumulated a sufficient HSA cash balance
  3. Sell HSA Investments to fund qualified out-of-pocket medical costs. Once investments sales are completed and the HSA funds have been deposited back in your HSA, that same money can be in your personal bank account within 24 hrs for reimbursement.

We make it our mission to make sure you have access to your HSA money when you need it most.

HSA Investments provide a clear path to further leverage the power of your HSA and grow your HSA funds for years to come. Lively HSA Investments provide the options and transparency needed to align your HSA Investment strategy with your lifestyle so you can pay for qualified out-of-pocket medical expenses today, tax-free, and save for healthcare costs well into retirement. At Lively, we know the importance of flexibility and transparency and we know our HSA investments offer both.

The content presented on our website is for informational purposes only, and is not, and must not be, considered investment, legal, accounting or financial planning advice, nor a recommendation as to a specific course of action. Investors should consult all available information, including fund prospectuses, and consult with appropriate investment, accounting, legal, and financial professionals, as appropriate, before making any investment or utilizing any financial planning strategy. Investments involve risk and are not guaranteed.

*Additional TD Ameritrade transactional fees may apply

About the author
Lively

We are HSA Experts! Lively is a Health Savings Account (HSA) platform for employers and individuals. A 401(k) for healthcare.

See Why Lively is the #1 Rated HSA Provider

Become lively member image