Many HSA providers allow you to invest your balance, similar to a retirement account. Once your HSA reaches a certain minimum balance—often $1,000 or $2,000—you can move funds into an investment account.
💼 Common HSA Investment Options:
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Mutual funds
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Index funds
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ETFs
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Some even offer individual stocks or robo-advisors
The investment options vary depending on your HSA provider, so check their platform for details and fees.
📈 Why Invest HSA Funds?
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Tax-free growth on earnings
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Withdrawals are tax-free if used for qualified medical expenses
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HSAs are sometimes called a “triple tax-free retirement account”
Many people treat their HSA as a long-term savings vehicle, paying for current medical costs out of pocket and letting the HSA grow.
🧠 Tip:
Keep receipts for qualified expenses—you can reimburse yourself years later while letting your investments compound.