INVEST IN YOUR HEALTH™

Invest Your HSA. Prepare for what's next.

A managed portfolio does the work for you, while a self-directed account puts you in control. With the HSA Guided Portfolio powered by Devenir, your portfolio is built, monitored, and automatically rebalanced based on your risk level. With the self-directed Schwab Health Savings Brokerage Account, you choose your own investments from stocks, ETFs, mutual funds, and bonds and manage them yourself. Both let you start with no minimum balance, and both are tracked alongside your HSA in your Lively dashboard.

If you're new to investing, the HSA Guided Portfolio is built for you. You answer a few questions, and Devenir builds and manages a portfolio matched to your risk level and timeline, with no investing experience needed and no minimum balance to start. If you'd rather pick your own investments, the self-directed Schwab account gives you full control over stocks, ETFs, mutual funds, and bonds.

No. You can invest from your first dollar with Lively, whether you choose the HSA Guided Portfolio or the self-directed Schwab account. There's no minimum balance required to begin, so you don't have to wait until you've saved a set amount before you start investing.

You can invest as much of your HSA as you want, but most people keep some cash on hand. The common approach is to hold enough in your cash balance to cover near-term qualified medical expenses, then invest the rest for the long term. With Lively, you can move money between your cash balance and your investments at any time, so you can adjust the split as your savings grow.

No. Investing is completely optional. You can keep your entire HSA balance in cash and use it for qualified medical expenses whenever you need it. Investing is available whenever you're ready, so you can start, pause, or adjust how much you invest at any time.

It depends on which option you choose. The HSA Guided Portfolio powered by Devenir has a 0.50% annual fee on invested assets. The self-directed Schwab Health Savings Brokerage Account has no Lively investment fee once you have $3,000 or more invested, and a $24 annual fee below that. Standard Schwab fees may also apply. Both options let you start investing with no minimum balance.

Yes. The HSA Guided Portfolio, powered by Devenir, is automatically rebalanced to keep your investment mix aligned with your risk level, so you don't have to adjust it yourself. If you choose the self-directed Schwab account instead, you handle trades and rebalancing on your own timeline.

Yes. Like any investment, the money you invest in your HSA can go up or down in value, and returns are not guaranteed. That's why most people keep enough in their cash balance to cover near-term medical expenses and invest the money they won't need soon. Your cash balance is FDIC-insured and stays available whenever you need it, while your invested funds are meant to grow over the long term.

When you need to use invested funds, you sell your investments and move the money to your cash balance, where it's available to spend. Settlement usually takes a few business days, so invested money isn't as instant as your cash balance. This is why it helps to keep enough cash on hand for everyday medical costs, and invest the rest for later.

As often as you want. With the self-directed Schwab Health Savings Brokerage Account, you can buy, sell, and adjust your investments on your own timeline whenever the market is open. With the HSA Guided Portfolio powered by Devenir, your mix is rebalanced automatically, so it adjusts for you as needed. You can also move money between your cash balance and your investments at any time from your Lively dashboard.

Yes. Because the Schwab Health Savings Brokerage Account is a self-directed account held through Charles Schwab, you can give a financial advisor access to help manage your investments. This is a good fit if you already work with an advisor and want them involved in your HSA investment strategy.

Getting started takes just a few steps, all from inside your account. First, set up your Lively HSA online or in the mobile app and link a checking account for tax-free contributions. Next, open the Investments tab and choose either the HSA Guided Portfolio or the self-directed Schwab account. Then add money to your HSA and move funds into your investments. You can also set up automated transfers to invest on a schedule, and manage everything from your Lively dashboard.

Yes. If you already have an HSA with another provider, you can move it to Lively through a transfer or rollover and then invest the balance. You start the transfer from your Lively dashboard, authorize it with electronic signature, and Lively's Customer Success team coordinates the rest with your current provider. For full details on the transfer process, see our HSA Transfers page.

Yes. If your current HSA is partly invested, you have two options. You can sell your investments first and transfer the cash, or in many cases move your investments over as-is through an in-kind transfer. You start the process from your Lively dashboard, and Lively's Customer Success team coordinates the details with your current provider. For full transfer details, see our HSA Transfers page.