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

---

The Importance of Travel Insurance

You've finally saved enough to go on that dream vacation... Read More

Insurance Credit Scoring: An Ethical Issue

The issue at hand is the use of a consumer's... Read More

Life Settlement Overview

A "Life Settlement" is a lump sum settlement paid to... Read More

About Online Term Life Insurance Rates

Online term life insurance ratesHow simple it is today finding... Read More

Handling Your Motor Vehicle Accident With Your Own Insurance Company

This "How To" article is crucial, up-to-date information concerning what... Read More

Travel Health Insurance - Understand the Benefits

If you're planning an overseas trip, you need travel health... Read More

How Can I Compare Life Insurance Quotes?

The online life insurance companies offer a free service where... Read More

Why Dont Women Have Life Insurance?

Traditionally, life insurance companies solicited men as the main breadwinners... Read More

Finding California Truck Insurance

It's very easy to find California truck insurance on the... Read More

Japanese Overseas Travel Insurance

If you are an expatriate planning on long-term residence in... Read More

Auto Insurance Basics

Most people only think that insurance is something they need... Read More

Is an HSA a Type of Insurance?

A Health Savings Account (HSA) is not a type of... Read More

Insurance Glossary of Terms

Assured - Those insured under the terms of an insurance... Read More

Converting An Unwanted Life Insurance Policy Into Ca$h

Do You Own A Life Insurance Policy That You No... Read More

UK Young Driver Motor Insurance - Build Your Own No Claims Bonus or Insure through Your Parents

For may young drivers, affording the costs of motor insurance... Read More

Everything You Need to Know About Life Insurance

Life insurance is a type of protection that can be... Read More

Car Insurance Rates ? Can You Lower Them?

Car insurance rates are prohibitive nowadays. Many families really struggle... Read More

High Deductible Health Insurance Plans For Individuals and Families

Do you pay more attention to your car than your... Read More

Life Insurance, the Universe, and Everything

You may have noticed that life insurance is coming back... Read More

Tips On How To Save When Buying Car Insurance

If you want to save money when you purchase your... Read More

Compare Car Insurance Companies Before You Commit

If you want to save money on your car insurance,... Read More

How To Take The Guesswork Out Of Buying Term Life Insurance

Protecting your family is the single most important thing any... Read More

Finding Fast Life Insurance

Since the widespread growth of internet usage and database building... Read More

Saving on Auto Insurance: The Road to Reduction

The road to saving on auto insurance is something that... Read More

Guide to Life Insurance

Here is a useful guide to life insurance. Simply put,... Read More

Insurance Providers Weather the Storm While Consumers Flounder

We have just had the first year's anniversary of the... Read More

Health Insurance Coverage

Health insurance is something that everyone needs today. The rising... Read More

Insurance for Car Wash Fundraisers

Non-profit groups in this day and age need to watch... Read More

What Is Health Insurance?

What is health insurance and why do I need it?... Read More

Outside Pressures On The Typical Insurance Adjuster

Insurance adjusters are not without outside pressures they must deal... Read More

What Does Buildings Insurance Cover?

You will find that your lender will insist that you... Read More

If You Rent A Home, Protect It By Buying Renters Insurance

Renters insurance is often overlooked by people who are renting... Read More

Canadian Funeral Insurance: Our Final Gift to Those We Love

Most of us don't like thinking about our own funerals,... Read More