HSA Investing FAQs

You need to have $1,100 in your account to be able to invest funds. This ensures you will have cash ready to pay for qualified medical expenses. You can choose to invest any amount over this threshold, in $100 increments, as long as you maintain a minimum of $1,000 in your HSA cash account. This means that you need a minimum of $1,100 in your account before you can invest.

Optum Bank offers over 30 mutual fund options, designed for all levels of investors, with passive and active management options. The options represent strong performing name brand funds including several Vanguard funds, as well as target-date funds and lifestyle funds. 

In addition to mutual funds, Optum Bank is excited to announce a new investment option: digitally managed investments with Betterment.

Click here to learn more about our investments options.

It is the minimum balance in your HSA that must be reached and maintained before you can begin investing or make additional investment purchases.

You need to have $1,100 in your account to be able to invest funds. This ensures you will have cash ready to pay for qualified medical expenses. You can choose to invest any amount over this threshold, in $100 increments, as long as you maintain a minimum of $1,000 in your HSA cash account. 

If the amount you're trying to transfer will cause your account to drop below $1,000 the transfer button will not be active.  If you have enough money in your account to complete the transfer, without going below $1,000, the transfer button becomes active.

Periodically, based on the review of the performance of the fund selection by the Registered Investment Advisor (RIA), new funds may be added to the fund lineup according to the RIA’s investment policy.

A Registered Investment Advisor (RIA) has chosen the fund selection used by Optum Bank. The selected funds span the risk spectrum from conservative to aggressive. Funds are reviewed quarterly and adjustments are made based on investment policy criteria. Professional management fees are also considered and the fees for the selected funds typically rank average or below average within their fund group.

A prospectus is a formal legal document that is required by and filed with the Securities and Exchange Commission. A prospectus provides details about an investment offering for sale to the public. A prospectus should contain the facts that an investor needs to make an informed investment decision. A fund prospectus contains details on its objectives, investment strategies, risks, performance, distribution policy, fees and expenses and fund management. You can use a prospectus to make better decisions about selecting funds.

Sign in to your account, and navigate to your fund list. Click on the fund you want the prospectus for.

You can use the information in each fund’s prospectus to help you decide which funds are right for you. The Optum Bank asset allocation calculator can also help you determine what funds to choose.

It is always important to discuss investing your HSA with a financial planner. The planner should also be able to provide you with information on how much to keep in your cash account and how much to place in investments. 

Optum Bank makes investing easy and accessible. We offer automated online advice through Betterment, the largest independent online financial advisor. Betterment combines low-cost, tax-efficient investment strategies with technology and personalized advice to empower you to achieve your financial goals.

The Betterment portfolio is a globally diversified mix of exchange-traded funds (ETFs) chosen to help earn better returns at various levels of risk. Once Betterment understands your goals, they will build personalized portfolios with risk levels and investment mixes that are suitable for you. 

When the time comes to use the invested HSA funds, Betterment automatically sells the right investments, allowing you to access your funds for eligible medical expenses without the hassle of needing to choose which investments to sell.  Click here to learn more about how it works. 

These documents are the agreements that govern your investment account with us. You need to agree to these documents in order to enroll in our investment account.

You can continue to use the money in your HSA; however, you won’t be able to transfer any new funds into your investments until your HSA balance exceeds the investment minimum balance again.

Recurring transfers are transfers that you can set up by setting the desired minimum that you want to keep in your HSA.

To set up a recurring transfer, sign in to your account and enter the threshold dollar amount you want to be applied to your recurring threshold. When your HSA balance exceeds that threshold, money will be swept out in $100 increments to your investment account and be allocated per the elections you have set up for investments.

Yes. To turn off or inactivate your recurring transfers, sign in to your account and edit your recurring transfers.

Sign in to your account to do a one-time transfer from your investment balance back into your HSA.

One transfer (or sell) is allowed from each mutual fund for any given trading day. This limit includes transfer between funds.

One transfer is allowed from each mutual fund for any given trading day. This limit includes transferring money back into your HSA.

There are no trading fees charged for investments associated with your HSA. Other fees and expenses applicable to continued investments are described in each mutual fund’s current prospectus.

You can update your investment options once per trading day.

Transfers that are entered before 4 p.m. ET on a trading day will be traded the same day and settled/posted on the next trading day.

A trading day is the time span that a particular stock exchange is open. Trading days never take place on weekends. There are several other special circumstances which would lead to a shortened trading day, or no trading day at all, such as on holidays.

To view pending investment transactions, sign in to your account.