Health Savings Accounts (HSA) Investment Management

HSA's are tax-deferred accounts that allow individuals to save and invest for qualified medical expenses (and can be tax-free). Having a managed HSA account can help investors better prepare for their medical expenses before they happen.

What is an HSA Account?

A Health Savings Account (HSA) is a tax-advantaged account created for individuals who want to save for qualified medical expenses. Investors can cut costs if they are faced with a high deductible, and qualified medical expenses can be tax-free.

For investors, any contributions to HSA accounts results in a 100% income tax deduction on the amount contributed to the HSA account in that year.

List of Qualified Medical Expenses:

Qualified Medical Expenses are procedures done to alleviate or prevent physical or mental troubles. They include:

  • Deductibles
  • Dental Services
  • Vision Services
  • Prescription Drugs
  • Co-pays
  • Psychiatric Treatments
  • Other doctor-prescribed treatments

Targeting Investors' Goals & Objectives

Investors each have unique goals and objectives, and their financial plans and investment portfolios should reflect their personal aspirations. An HSA account is no different.

An HSA account should be positioned towards goals and objectives, just like an IRA or Taxable investment account is. Within the account, this means investments should be optimally positioned, diversified, and allocated.

Working with a financial advisor is one way to ensure your HSA account is working in harmony with the rest of your financial plan, including the special considerations for future withdrawals that come with planning for medical expenses.

Contact a Financial Advisor