Important Notice: Our web hosting provider recently started charging us for additional visits, which was unexpected. In response, we're seeking donations. Depending on the situation, we may explore different monetization options for our Community and Expert Contributors. It's crucial to provide more returns for their expertise and offer more Expert Validated Answers or AI Validated Answers. Learn more about our hosting issue here.

Can HSA funds be invested?

April 26, 2017funds HSA invested

0

Posted

Can HSA funds be invested?

1 Answer

0

Posted

Yes. When your account balance reaches a certain amount, you can invest the excess funds. The same types of investments permitted for IRAs are allowed for HSAs, including stocks, bonds, mutual funds, and certificates of deposit. The investment options for your HSA account are determined by the investments offered by the HSA manager. Mellon Trust of New England is the provider of the HSA for BCBSNC HDHP. After you purchase a BCBSNC HDHP, Mellon Trust will send you a Welcome Kit with further information about the options for your HSA.