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HealthSavings Administrators Launches InvestorSELECT HSA

The InvestorSELECT HSA offers first-dollar investing in nearly 400 available funds.

By Rebecca Moore editors@plansponsor.com | June 16, 2017

HealthSavings Administrators, a health savings account (HSA) investment company, has launched InvestorSELECT HSA.

The InvestorSELECT HSA offers first-dollar investing in nearly 400 available funds—which the firm says is one of the largest HSA fund lists currently on the national market.

Top benefits include:

  • First-dollar investment, with no minimum balance required;
  • Nearly 400 funds to choose from, including funds from Vanguard, Dimensional, Franklin Templeton, MFS, Pimco, T. Rowe Price, TIAA and more;
  • Account holders can invest in as many funds as they would like; and
  • No investment transaction fees.

While invested, the money remains available for use, or it can grow tax-deferred for future use.

“InvestorSELECT HSA gives account holders more investment options than almost any other product currently on the national market,” says Kirk Hoewisch, president of HealthSavings. “Coupled with our first-dollar investing with no minimum balance required and our lack of investment transaction fees, this product offers amazing flexibility to any account holder who wants to grow their HSA dollars for retirement.”

The retirement industry is starting to tout the additional benefits of HSAs as retirement planning tools, and experts say the key to growing HSA savings is to invest the money.

More about the new HSA can be found at https://healthsavings.com/investorselect/.

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