Page 30 - Empowered Learning for Dyslexic Children Benefits Guide 2022-2023

Investment Options for your HSA

The money you contribute to your HSA grows and earns interest at the rate included with your
HSA plan type. Investment accounts are self-directed and self-managed—you choose where,
when and how much to invest.

Please note: You must maintain a $1,000 base Account interest crediting rates for HSA
balance (minimum) to open and manage an accounts
investment account.
Select Value
(SelectSaver) (ThriftSaver)
What HSA investment options are
available? $0–$2,499 0.05% 0.05%
$2,500–$9,999 0.07% 0.10%
There are three ways to invest your HSA funds:
$10,000–$14,900 0.07% 0.10%
■ Base Balance—If you choose, you can leave $15,000–$24,999 0.10% 0.15%
the entire HSA balance with our vendor, $25,000 or greater 0.10% 0.20%
Further, where it earns interest.
Please note: Interest rates and balance tiers are subject to change
■ Basic Investment Account—Once an HSA without notice.
base balance exceeds $1,000, you can open a
self-directed basic investment account. This Basic Investment Account
gives you access to more than 30 mutual
funds. At least $1,000 must be kept as the When your account base balance exceeds $1,000,
base balance of the HSA at all times. you have the option to activate a basic investment
account. This account gives you access to mutual
■ Charles Schwab Broker Investment funds from the Schwab’s Mutual Fund OneSource
Account—When the basic investment Service. You also have access to online resources
account balance exceeds $10,000, you can and tools once you create an investment account.
open a self-directed brokerage investment
account with Charles Schwab. This account The mutual funds available for this account are
gives you access to more than 2,500 mutual selected by Devenir LLC, a registered investment
funds from a variety of families, as well as advisor.
stocks, bonds and other investments.
Account Available Funds Annual Account
Base Balance Type Service Fee
Basic When the base An additional $18
Your funds will be deposited into the base balance Investment balance exceeds per year, this fee
account. While some banks calculate interest Account $1,000, you have is paid out of the
based on the balance and rate in each balance the option to Basic Investment
tier, CareFirst keeps it simple. Employees earn the invest the amount Account.
over this threshold
stated rate on the entire account base balance. in a variety of pre-
selected mutual
Account Available Funds Annual Account funds.
Type Service Fee
HSA Funds in the base None
balance earn
interest. Members
may leave all funds
in the base account.

8 ■ Health Savings Account (HSA) Member Guide