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| Is my money safe? |
Funds in an HSA are held in a trust and are administered by a bank, insurance company, or other approved Trustee. |
Funds in your HSA are invested at your discretion. Typically an HSA will allow you to choose from the following options:
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Interest-bearing account
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CDs |
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Money market funds |
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Mutual funds |
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If you are looking to minimize your investment risk, you may want to consider an interest-bearing account; these accounts are FDIC insured. On the other end of the spectrum, mutual funds may provide a greater return, but are more risky, and are not FDIC insured. |
The information above is provided for general purposes only and is not tax advice. eHealthInsurance urges you to consult with your accountant or tax advisor before opening a health savings account to determine if it is appropriate specifically for you. |
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