Health Savings Account (HSA): How Do I Invest It?

The Health Savings Account (HSA) is an amazing tool that a lot of people have been talking about. It is meant to help you save money on insurance and make your life simpler, maybe even help you be healthier.

A Health Savings Account is an investment. You may not have thought of it that way, but it is.

When you open your HSA, your insurance agent or financial advisor will ask you "How do you want to invest this?"

Your answer to that question might mean the difference between having money for that emergency operation or not having it.

There isn't room here for a big explanation of investing principles, but I can tell you that there are volatile investments and stable investments.

A volatile investment would be putting money into a fast-moving stock on the stock market. One day it's up, the next day it takes a dive.

The most stable investment is a bank account. You get paid a certain interest rate and that's that. No volatility. And not much benefit either, because the interest rate will be quite small.

My recommendation to you is to invest your HSA money into a bond mutual fund. Bonds are a special type of investment that are less risky than stocks, but more beneficial than a bank account.

By investing in a bond mutual fund, you'll have a steady rate of growth with no big up's or down's. Some months your investment might go down a little, but it won't be dramatic. And, over time, you'll beat that bank account interest by several percentage point.

Bond mutual funds are your best option for HSA investment. Ask your HSA custodian if they offer this type of investment for their HSA. If they don't, shop around until you find one who does.

If you cannot find someone offering a bond mutual fund, then stick with a money market account. That is your second-best choice. You want something very stable, because you never know when you'll have to tap into that money. Healthcare emergencies don't give us advance notice, do they?

Health Savings Accounts will change how we think of healthcare. They are the key to fixing the current healthcare crisis in America, and they will help your small business, self-employment or individual healthcare situation.

Daryl Kulak is the author of the book "Health Insurance Off the Grid - A Wonderful Way to Use Alternative Medicine and Save Money on Insurance Using the New Health Savings Account (HSA)." The book is available for sale as an e-Book or paperback at the Website http://www.healthoffthegrid.com

---

Finding a Discount Car Insurance Broker

Discount car insurance brokerTimes past finding a discount insurance broker... Read More

Life Insurance Basics

One of the most important things you can do as... Read More

Life Insurance Information

Life insurance is a personal insurance plan designed to pay... Read More

House Insurance - Forcible and Violent Entry

Forcible and violent entry (f&ve) is the terminology used within... Read More

Types of Homeowner Insurance

There are 6 different types of homeowners insurance in general... Read More

Group Term Life Insurance and the Options Available

Group term life insurance is more affordable than individual life... Read More

Accident Factoids

Accidents, personal injuries and insurance claims are here to stay.... Read More

Term Life Insurance Quotes for Singles

Term life insurance quotes are rarely a concern of single... Read More

Filing Auto Insurance Claims: The Basic Steps to Take

An automobile accident can be a terrifying event for anyone,... Read More

Health Savings Accounts (HSA): How Do I Tell a Good One from a Bad One?

The Health Savings Account (HSA) is becoming well-known as an... Read More

All Auto Insurance is Not Created Equal!

Contrary to what you may have heard all auto insurance... Read More

Life Settlement: Towards A Free Market for Life Insurance

The Life Settlement market is all about providing due access... Read More

Car Insurance Online ? Benefits of Applying for Auto Insurance Online

Drivers are applying for auto insurance online not just for... Read More

Avoiding The Potholes Of Car Insurance

Car Insurance is an issue that we all of face... Read More

Auto Insurance Rates

Auto insurance rates will vary depending on the insurance agency,... Read More

Long Term Care Insurance - Low Cost Alternatives For Budget Conscious Seniors!

With Nursing home Cost's running $4,000 to $6,000 a month... Read More

Reducing Soaring Insurance Claim Costs

With the soaring rise in claims to insurers from their... Read More

What Answers To Questions For A Home Insurance Price Quote Will I Need To Know?

Lets face it, finding the best home insurance price quote... Read More

Why Boats Are A Pleasure... But You Still Need Boat Insurance

One of the greatest pleasures that a man can have... Read More

Which Car Should You Own To Keep Your Insurance Rates Most Affordable?

Do you consider the cost of insurance before you buy... Read More

Car Insurance Discounts

Trying to save money wherever you can is important to... Read More

7 Tips Toward Helping You Reduce Your Insurance Costs

Not a year goes by that insurance rates go up.... Read More

Photography Insurance-Insurance for the Photographer

Part and parcel of establishing your own photographic business is... Read More

Discount Auto Insurance - Keep Your Hard-Earned Money

Finding discount auto insurance is so easy when you do... Read More

Terrorism: Acts of Terrorism: When Will Insurance Respond?

Insurance policies provide financial protection in a broad range of... Read More

About Accidental Death Dismemberment Insurance Quote

We don't hear much about getting an accidental death dismemberment... Read More

Keys To Controlling The Future of Health Care

Several key changes are necessary to get control of the... Read More

What Type of Doctor Should I See Under My HSA?

You can withdraw money from your Health Savings Account (HSA)... Read More

Finding California High Risk Truck Insurance

California high risk truck insuranceIf your are in need of... Read More

Disability Income Insurance Can Meet All Your Financial Needs

Disability income insurance can cover you in the event of... Read More

Health Savings Accounts (HSA): Do They Vary From State to State?

The Health Savings Account (HSA) is an amazing tool that... Read More

A Few Things Everyone Should Know About Disability

Did you know? One year of disability can wipe out... Read More

Give Your Auto Policy a Tune-Up

When you originally purchased your auto insurance policy, you purchased... Read More