Health Savings Accounts (HSAs)

HSAs continue to grow in popularity, along with increased employer adoption of high-deductible health plans (HDHPs). Increasingly the tax-advantaged, long-term savings potential of HSAs is being realized, as HSA investments exceeded $10B, a 23% increase from the prior year.1 To maximize HSA investment choices and allow for professional management through a Registered Investment Advisor, Schwab makes it possible to invest those savings in brokerage accounts designed for HSAs.

Maximize possible HSA benefits by investing through Schwab’s Health Savings Brokerage Account (HSBA)

Schwab's HSBA is offered as part of some of the industry's leading HSA programs, allowing access to a broad range of investment choices and providing the ability to leverage the investment management services of an advisor.

An individual enrolled in an HDHP can establish a consumer-direct HSA with one of the providers in Schwab's network and then invest through Schwab's HSBA. Once the HSBA is funded, account owners can appoint their advisor to manage their investments.

HSBAs work like other similar types of Schwab accounts. They are accessible to investors through Schwab Alliance or and to advisors through the Schwab Advisor Center website where they can also leverage the standard custodial billing process for management fees. Data downloads are available through Schwab Data Delivery and can be incorporated in Schwab Open View Gateway as well as integrated with third-party software.

To learn more, visit the Introduction to Schwab Health Savings Brokerage Accounts (HSBAs) section of the Service Guide.