ComprehensiveTrip714 t1_jef9cid wrote on March 31, 2023 at 4:11 PM

How are you able to use HSA funds for investing? I thought that wasn’t allowed. Those funds are only supposed to be used for medical expenses.

t-poke t1_jefagx8 wrote on March 31, 2023 at 4:18 PM

HSA funds can be invested.

Great_Smells t1_jefd41w wrote on March 31, 2023 at 4:35 PM

My plan (all plans?) requires that I keep $1000 in “cash” and the rest can be invested. I have about $35k invested in the various funds offered in my plan.

whisky_in_your_water t1_jeg1mim wrote on March 31, 2023 at 7:16 PM

Mine is $2k and there's a $3/month investment fee, so I transfer money out to my other HSA at Fidelity every few months before it hits $2k. That way I avoid fees and can invest it a bit sooner.

WJKramer t1_jefadzs wrote on March 31, 2023 at 4:18 PM

https://www.nerdwallet.com/article/investing/how-to-invest-hsa

It’s the most tax advantaged account you can invest with.

WhySuchALongName t1_jefsous wrote on March 31, 2023 at 6:17 PM

Maybe you're thinking of an FSA? Those cannot be invested and can only be used for medical expenses.

An HSA can be either invested or used for medical expenses.

shadow_chance t1_jefrues wrote on March 31, 2023 at 6:11 PM

You can invest them with most providers until you need to withdraw.