HSBA | Health Savings Brokerage Account
Invest your HSA with an HSBA from Charles Schwab
HealthEquity HSA members now have access to a Schwab HSBA.¹ Get all the investment options associated with a brokerage — combined with the tax advantages of an HSA.
It’s linked.
The HealthEquity HSA Investment Desktop links directly to the Schwab HSBA experience.
It’s convenient.
HealthEquity members can transfer HSA funds between accounts as needed. Account balance minimums may apply.
It’s Financial Advisor friendly.
HealthEquity members can give their Schwab Financial Advisor access to manage their HSBA.
It’s always tax-free.
HSA members do not pay taxes on any potential investment growth in their HSBA.
Ready to invest with a Schwab Health Savings Brokerage Account?
Open a HealthEquity Health Savings Account.
Then get started from the HealthEquity Investment Desktop.
Frequently Asked Questions
Yes. The self-directed Schwab HSBA is built to complement the existing HealthEquity Investments. You have several options: Invest in mutual funds made available with HealthEquity, invest with just the Schwab HSBA, or invest your HSA dollars in both mutual funds available through HealthEquity and the Schwab HSBA.
The Schwab HSBA is offered at no additional cost from HealthEquity. The standard monthly investment administration applicable for your account is charged on the average daily invested balance applies to the balance of all invested assets, including assets held in both the Schwab HSBA and HealthEquity Investments. There is no charge from Schwab to open or maintain the Schwab HSBA. Transaction fees and trading commissions are outlined in the Charles Schwab Pricing Guide for Health Savings Accounts provided in the welcome materials you will receive from Schwab once you open your account.
The Schwab HSBA is available to all members who are enrolled in an HSA and have a cash balance that exceeds their investment threshold. It is most appropriate for a knowledgeable, experienced investor who understands the risks associated with many of the investment choices available through the Schwab HSBA and who is committed to staying invested for the long term. The Schwab HSBA is designed for individuals seeking more flexibility, increased diversification, and a greater role in managing their HSA.
- Schwab Health Savings Brokerage Accounts are offered through Charles Schwab & Co., Inc (Member SIPC), the registered broker/dealer, which also provides other brokerage and custody services to its customers. HealthEquity and Charles Schwab & Co., Inc. are separate, unaffiliated companies and are not responsible for each other’s policies or services.
- HSAs are never taxed at a federal income tax level when used appropriately for qualified medical expenses. Also, most states recognize HSA funds as tax-deductible with very few exceptions. Please consult a tax advisor regarding your state’s specific rules.
- Investments are subject to risk, including the possible loss of the principal invested and are not FDIC or NCUA insured, or guaranteed by HealthEquity, Inc. HSA holders may select Vanguard funds for investment through the HealthEquity investment platform but HealthEquity, Inc. does not provide investment advice. HealthEquity Advisors, LLC, a wholly owned subsidiary of HealthEquity, Inc. and an SEC-registered investment adviser, provides web-based investment advice to HSA holders that subscribe for its services (minimum thresholds and additional fees apply). Registration does not imply endorsement by any state or agency and does not imply a level of skill, education, or training.
HealthEquity does not provide legal, tax or financial advice.