HR Update

HSA Investment Options Changing

HSA Bank announced the launch of HSA Invest in July 2024. This program is designed to streamline the investment experience for HSA account holders, while giving you greater personalization and addressing different risk tolerances and objectives. Current account holders will receive additional information from HSA Bank in an email and physical mailing sent to their home.

Important dates for this transition are below. For more information, including frequently asked questions, visit HSA Bank’s investment transition webpage. Additional questions can be answered by HSA Bank by calling 877-525-7121.

Investment Options Transition Timeline

July through September

  • You have access to trade and manage your existing Devenir and Schwab investments. You can transfer HSA funds from your existing investments to your HSA Bank cash balance.
  • If you enroll in HSA Invest, one-time, auto-sweep, and recurring transfers to Devenir and Schwab will be canceled so that funds go to your new investments.

September

You will only be able to invest new HSA funds in the HSA Invest program. One-time, auto-sweep and recurring transfers from your HSA cash balance to Devenir and Schwab will stop.

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