HSBAs

Introducing Health Saving Brokerage Accounts

What is an HSBA?

Health Savings Brokerage Accounts (HSBA) are a self-directed brokerage account designed to complement a health savings account. HSBA provides greater access to thousands of additional investment choices.

  • Consumers decide how much money to transfer from their HSA into their HSBA.

  • They can invest their HSBA assets in any eligible investment option for health savings accounts.

Investment options are offered through an arrangement between 24HourFlex and the Charles Schwab Trust Company, the sub-custodian for the investment accounts.

What is an HSBA?

Health Savings Brokerage Accounts (HSBA) are a self-directed brokerage account designed to complement a health savings account. HSBA provides greater access to thousands of additional investment choices.

  • You decide how much money to transfer from your HSA into your HSBA.
  •  
  • You can invest your HSBA assets in any eligible investment option for health savings accounts.

Investment options are offered through an arrangement between 24HourFlex and the Charles Schwab Trust Company, the sub-custodian for the investment accounts.

More investment choices.

Select from thousands of investments available through Schwab.

Premium Research
and Tools.

Find the right investments for you with Schwab's industry-leading resources.

Investment Flexibility.

Place trade orders on your own or with help from Schwab.

WHO'S IT FOR?

The HSBA is designed for consumers who seek more flexibility, increased diversification and a greater role in managing their HSA.

Who should choose to invest through the HSBA?

The HSBA is for knowledgeable investors who understand the risks associated with many of the investment choices available through the HSBA and who are committed to staying invested for the long-term. The HSBA is designed for consumers who seek more flexibility, increased diversification and a greater role in managing their HSA.

WHAT'S THE DIFFERENCE?

It's part of consumers' HSA.

How does the HSBA differ from a typical brokerage account?

The HSBA is different from a typical retail brokerage account because it is part of the consumer’s health savings account (HSA). Since the consumer’s assets are part of a HSA, the investments are tax deferred. The HSBA is only able to be funded through the consumer’s HSA.
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Mutual Funds

Consumers can access more than 8,500 mutual funds from over 630 well-known fund families.

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No-Loads &
No-Transaction Fees

Over 3,900 mutual funds are available with no-loads and no-transaction fees, including over 2,700 load-waived funds typically available only to institutional clients.

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Commission-Free,
Exchange-Traded Funds

The consumer will also have over 500 commission-free exchange- traded funds through Schwab ETF OneSource.

Other investments include individual stocks, bonds, other fixed income investments, and money market funds.

Fees &
Requirements

  • HSBAs available to accounts opened on or after 1/1/20
  • Schwab does not charge you a fee for HSBA
  • List Item Transaction fees and commissions may apply.

Transaction fees and commissions apply. See the 2020 Pricing Guide for Retirement Plan and Health Savings Accounts 
and the HSBA Pricing Summary for details.