HSA investment options–save or grow your money.

Access funds for short-term health care needs while you grow funds for long-term security. Your HSA contributions can go into one of three places:

Cash account (default account) 
Your funds start out in an interest bearing FDIC insured cash account. There is no minimum deposit required for opening an HSA. Once your contributions reach $1,000, you have additional choices.  Interest rates are variable. 

Interest-bearing account
After you have reached $1,000 in your cash account you have the option to transfer excess funds in $100 increments into an interest-bearing, FDIC-insured account. In order for funds to transfer you must log in to your online account and ‘opt in.’  Once 'opted in' funds are automatically transferred between the cash and interest-bearing accounts as cash account funds increase or decrease. Interest rates are variable.
Mutual funds
This is where your investing flexibility becomes a reality.  At any time, you may invest funds from your interest-bearing account in a wide variety of mutual fund options.

Note: Mutual fund shares may be automatically sold to bring the cash account balance to the minimum threshold of $1,000 when necessary. As with any mutual funds, your HSA investments are not FDIC insured and are made at your own risk. They are not guaranteed by Discovery Benefits or fund custodian, HealthCare Bank, and may lose value.


Mutual Fund Expense Terminology:

Expense Ratio: An investment company's cost of operating the mutual fund.

12b-1 Credit: An annual marketing fee to investors of the funds. This credit will be used to offset the HealthCare Bank custodial management fee.

STA (Sub Transfer Agency) Credit: An expense the fund would incur if they were responsible for the recordkeeping of investors. This credit will be used to offset the HealthCare Bank custodial management fee.

Short-Term Redemption Fee % and Days: The percent column indicates the fee charged to investors to redeem a fund if they have not held those dollars in the fund for the number of days indicated under the Short-Term Redemption Fee Days. This fee is to discourage investors from market timing.

Load: A sales fee charged by mutual fund companies. As indicated in the column, these fees are waived on the funds selected.

For customer service
or to send documents: