HSA investment
A key benefit of an HSA is that the tax free funds in your account can be invested. Account holders can potentially earn a return on their savings.
Maximize investments with HSA tax benefits
HSA investment can be a useful tool for individuals looking to save money for future healthcare costs while taking advantage of triple tax benefits.
Make pre-tax contributions
Grow tax-free earnings
Enjoy tax-free distribution
Join our 9.9 million+ health savers1
13%
higher average balance for HealthEquity members as compared to the industry
Devenir Research
$4.4B
invested by HealthEquity members
30+
mutual fund investment options
How to get started
Must have an HSA and a high-deductible health plan (HDHP) with HealthEquity and meet the amount of the investment threshold.
- 1.open an HSA account and start making contributions.
- 2.Maximize your contributions up to annual contribution limits.
- 3.Explore our HSA investing tools to find the right approach for you.
Vanguard funds investment lineup
Vanguard is the largest provider of mutual funds in the world and has more than 6 trillion dollars in global assets under management.
Vanguard has been ranked as the top asset management firm by Morningstar.
HSA investing tools
Take advantage of our web-based automated investing advice and recommendations.
Personalize guidance
With technology-guided analysis tools, get personalized recommendations for your unique situation.
Optimized diversifications
Access a diverse range of mutual funds to build a portfolio that matches your goals.
Monitoring your money
Track your investment performance and make adjustments as needed through your online portal.
Options for investing
HealthEquity offers access to 3 options for investing in mutual funds: AutoPilot, GPS and Self-Driven.
AutoPilot
Let us manage your investments automatically based on your age and risk tolerance. A hands-off approach to HSA investing.
GPS
Get guided portfolio suggestions based on your preferences, then choose which recommendations to follow.
Self-Driven
Take full control of your HSA investments. Choose from our lineup of available mutual funds to build your own portfolio.
Transfer or rollover existing HSA
If you currently have an HSA, maximize savings by moving your existing HSA dollars to HealthEquity where you can take advantage of our investment options.
Frequently Asked Questions
What happens if my balance falls below the investment threshold?
You will not be allowed to invest additional funds until your cash balance reaches the required threshold again. Your existing investments will remain in place.
Are my eligible medical claims paid for or reimbursed from my investment account?
No. Eligible medical expenses are paid from your HSA cash balance. If needed, you can sell investments to move funds back to your cash balance.
How do I know my HSA cash balance vs. how much is invested?
Your HealthEquity member portal displays both your cash balance and investment balance separately, so you always know how your funds are allocated.
Do I have to pay taxes on interest earned from my investments?
No. As long as funds are used for qualified medical expenses, investment earnings in your HSA grow tax-free and distributions are tax-free.
Does HealthEquity ever change available investment options?
Occasionally, HealthEquity may update the investment lineup to ensure members have access to the best available options. You will be notified of any changes.
1As of January 31, 2025, according to a 2025 HealthEquity Year-End Sales Report.Return to content