The Money Mustache Community

Learning, Sharing, and Teaching => Investor Alley => Topic started by: saijoe on December 22, 2017, 10:24:48 AM

Title: HSA Investing Options
Post by: saijoe on December 22, 2017, 10:24:48 AM
My wife has had an HSA available since the first of the year.  She has and will fully fund it.  But from all she can gather, there's no option for investing.  It simply goes into a bank account and she uses a debit card on that account to pay for medical expenses.  I know that I've read on a lot of these websites that you should invest these funds, but how do you do it if your employer doesn't offer that as an option? 
Title: Re: HSA Investing Options
Post by: walkwalkwalk on December 22, 2017, 10:40:15 AM
You dont. You could look into rolling over to another provider but i think that wpuld be a hassle. In your case i wouldnt put money in an hsa unless you need it for medical expenses.
Title: Re: HSA Investing Options
Post by: VoteCthulu on December 22, 2017, 12:08:51 PM
It's probably not worth the hassle for the first year, but after you get a few thousand dollars I would suggest opening another account at Saturna or Lively and transferring money there to invest.

If you use Saturna, once or twice a year transfers will minimize the hassle and fees ($15 - 25 per transaction), or with Lively you can transfer and invest every paycheck for the regular $30/year account fee.
Title: Re: HSA Investing Options
Post by: Radagast on December 22, 2017, 08:25:13 PM
What my fellow posters are saying (in my words), is to save up in the employer's HSA for a year, then do a lump sum transfer to HSA of your choice to invest. Repeat every year.