There are many perks to having an HSA. Not only are they a great way to pay for medical expenses and save on taxes, but you can also invest your HSA funds to create a powerful future financial asset.
Turn your HSA into a stronger retirement vehicle by investing its funds. HSA investments have many advantages, including 100% tax-deductible contributions and tax-free earnings on your investments. After you turn 65, you can use your HSA dollars for non-medical expenses (they will simply be subject to regular taxation). It’s never to late to start investing.
How to Invest
You need to accumulate at least $2,000 in your HSA to qualify for investing with MotivHSA. Once reached, you are free to invest anything over the $2000 balance.* Once you’ve invested, you don’t have to maintain a minimum balance of $2,000 to keep your investments, but it is important to note that you won’t be able to make any new investments until you reach a $2000 balance again.
Note: Your investment balances cannot cover claim payments or purchases with your MotivHSA debit card. To use investment funds for such payments, you will first need to sell your investments.
Time is Money
What are you waiting for? Start investing your HSA today, and you’ll be sure to thank yourself when retirement arrives. After age 65, HSA funds can finally be used for non-medical expenses.** It really seems silly not to invest an account that allows tax-free growth, don’t you think?
* Participating in MotivHealth investments deducts a monthly fee of $3.95 from your HSA balance, and these investments are not FDIC insured.
** HSA funds used on non-medical expenses after age 65 are subject to income tax.
How Do I Qualify For Investments?
To qualify for investments you need a balance of $2000 or more. You will be able to invest anything over the $2000 balance.
Do I need to maintain a minimum balance of $2000 to keep my investments?
Is there a monthly fee to participate in investments?
Will my investment balance cover claim payments or purchases with my MotivHealth HSA Debit Card?
No, your investment and HSA balances are separate. In order to use investment funds for claim or debit card payments, you will need sell invested funds.
Are my investments FDIC insured?
MotivHSA Investment Options
S&P 500 Value Vanguard
S&P 500 Vanguard ETF
S&P 500 Growth Vanguard
Mid-Cap Value ETF Vanguard
Mid-Cap ETF Vanguard
Mid-Cap Growth ETF Vanguard
Small Cap Value ETF Vanguard
Small Cap ETF Vanguard
Small Cap Growth ETF Vanguard
Total International Stock Vanguard ETF
Vanguard Extended Market ETF
Vanguard Materials ETF
REIT Vanguard ETF
Emerging Markets Stock Idx ETF Vanguard
Vanguard Information Technology ETF
Health Care Vanguard ETF
US Total Bond Market Index ETF Vanguard
Short-Term Bond ETF Vanguard
Total International Bond Index Vanguard
S-T Inf-Protected Treasury Bond Vanguard