©2014 Conduent Business Services, LLC. All rights reserved.
rights reserved.
15
Investments
Unlike other health care accounts, the HSA has no
provision insisting you “use or lose” your account
dollars at the end of the year. Any funds you do not
use in a given plan year remain in your interest-bearing
account for future Qualified Medical Expenses. Over
time, you can build a nest egg of savings. Once you
reach a minimum balance of $1,000, you can elect to
invest any amount over the $1,000 threshold. HSA
members may transfer funds back and forth between
their Checking Account and their Investment Account
online and at any time. Members can invest HSA dollars
in the investment options offered by BenefitWallet and
pay no federal taxes on any interest and/or investment
earnings, as long as this money remains in their HSA
and is used to pay for qualified health care expenses.
Features of BenefitWallet’s investment platform
include:
• Over 20 investment options
• A variety of fund families
• An initial investment minimum as little as $1 once the
HSA checking account balance reaches $1,000
• Automatic transfers into, out of, or within a selection
of mutual funds with the threshold set by the
member and sweeps occurring any time the account
reaches that threshold
• Additional investments can be added online, at
any time
• Access through the member portal – no other ID
and password is needed to manage the investment
account
• A comprehensive suite of tools – available online to
help the member select investments and expand
their investment knowledge
A monthly fee may apply. There are no additional
transaction fees, loads or commissions.
Learn more about
You can also use our
to help
determine what you need to do in order to reach your
savings goal.
