I've been looking into whether or not to invest HSA funds, and was wondering how you all felt about it. My husband and I are not on the same insurance, so we each have a work-sponsored HSA.
My HSA matches up to $250 quarterly, and they disperse $500 over the year each paycheck (in total they contribute $1,500 - half my deductible - if I contribute $1,000). I looked at my investment options, and there are quite a few Vanguard options to choose from. Also, since I'm kind of a noob at all this, under what conditions could I take distributions from the invested HSA funds? Are they held to the same distribution rules as the non-invested HSA funds (QMEs only until 65, then taxable)?
My husband's HSA through work simply sits in a bank with no investment options. His employer puts in $250 per month (!!!) without him having to contribute anything. Can/should he open another HSA account with investment options and have the funds transfer over? How does that work with taxes, since the HSA funds aren't taxed yet?
THANK YOU ALL! Any and all input appreciated. Hoping to learn more and more as I lurk, and to not be afraid to ask noob questions.