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

Businesses can take heart that insurance premium increases will be ...
Bizjournals.com, NC - 7 hours ago
Area businesses are bracing for another increase in health insurance premiums as budget season approaches. The average increase will be in the neighborhood ...
Harry and Louise are back, still worried about health care Bizjournals.com
Businesses keep an eye on the workers’ comp legal landscape Bizjournals.com
Rockets retire ‘It’s Time’ to run with ‘Get Red’ Bizjournals.com
all 157 news articles

Gustav victims face insurance worries
USA Today - 1 hour ago
As victims of Hurricane Gustav's fury turn to their insurance companies for help in recovering from the wind and water inflicted damage to their property, ...
How to file a State Farm insurance claim Daily Comet
STORM UPDATE: Insurance info; now with State Farm claims office ... The Daily Advertiser
Louisiana Insurance Commissioner to Visit Farmers Insurance Mobile ... MarketWatch
WBXH - The Times-Picayune - NOLA.comall 30 news articles

Be aware of the limits to FDIC insurance
Palm Beach Daily News, FL - 2 hours ago
By GAIL LIBERMAN Amid a rising number of bank failures, experts want you to fully understand the FDIC's convoluted rules about exactly what its insurance ...
How to determine your bank's financial health Los Angeles Times
FDIC’s Sheila Bair says tough times still ahead Bizjournals.com
UPDATE 1-US credit problems far from over - FDIC's Bair Reuters
Housing Wire - Los Angeles Timesall 42 news articles

ABC News
Construction insurance must for firms
GulfNews, United Arab Emirates - Sep 5, 2008
Owners need to realise the importance of a sound insurance strategy at the very beginning of the project. It minimises the possibility of potential gaps in ...
Katrina Citizens Losing Insurance Cases On Appeal InjuryBoard.com
Gustav may cost $10b in insurance Xinhua
Prudential shares rise along with insurance stocks Forbes
MarketWatch - Wall Street Journalall 669 news articles

Cities, civil rights groups tussle over police liability insurance
USA Today - Sep 5, 2008
By John Fritze, USA TODAY Organizers of the Republican convention were required by St. Paul, city officials to purchase a $10 million insurance policy to ...
Police pay totals millions during DNC Examiner.com
all 15 news articles

Cover story of general insurance products
Economic Times, India - 6 hours ago
The good news is that most of the general insurance products being offered in the market today have sufficient cover for all kinds of perils that arise out ...
Insurers see big biz in political risk cover for big cos Economic Times
all 4 news articles

Loan insurance secures dependents
Economic Times, India - 2 hours ago
This has been further boosted by the upsurge of insurance companies in the private sector. They provide an important solution - security of repayment of ...

Amalgamated Insurance Is Moving to Westchester
New York Times, United States - 22 hours ago
By CHARLES V. BAGLI Amalgamated Life Insurance, a company founded by union textile workers in Greenwich Village 65 years ago, is moving its headquarters and ...

ITV.com
Prison data lost
Scotsman, United Kingdom - 2 hours ago
It was reported the hard-drive contains names, dates of birth, National Insurance numbers and Prison Service employee numbers. The full article contains 81 ...
Computer firm loses prison staff data Independent
Prison officers' data missing The Press Association
Personal details of 5000 jail staff lost Times Online
Sky News - BBC Newsall 208 news articles

Wall Street Journal
Could Florida Survive the Big One?
TIME - 1 hour ago
It's got the nation's most dysfunctional property insurance market, a byproduct of life in harm's way. Fitch's ratings agency concluded in March that if a ...
Video: Carolina Coast Preps for Hanna AssociatedPress
Insurers Urge Floridians to Prepare Now as Numerous Storms Line Up ... Insurance News Net (press release)
Business owners get ready for Ike Bradenton Herald
Orangeburg Times Democrat - Disaster News Networkall 5,059 news articles

Wind Chimes and more...

Windchimes for great gifts!

Term Life Insurance Help