Investments Options

Opening an (HSA) can be more than just a great way to take control of your healthcare. It also provides you with a broad array of investment options and choices to meet your financial objectives.

Once you have a high-deductible health plan (HDHP) and have opened your HSA Deposit Account, you can decide how you want your HSA contributions invested. All funds are initially deposited into an HSA Deposit Account at UMB Bank. However, if you have contributions totaling more than you'll need for your expected medical expenses, you also have the option of opening an investment account that may allow your excess funds to earn more money, all on a tax-deferred basis. You can select a Money Market Sweep Account, which automatically sweeps funds in excess of a “peg balance” into a money market fund, or, you can open a Self-directed Brokerage Account.

Money Market Sweep Account Option* †

Once you have reached a $1,000 account balance in your HSA Deposit Account, you can enroll in the Money Market Sweep Account, which may earn a higher interest rate than the HSA Deposit Account.

Self-directed Brokerage Account Option** †

Your HSA gives you the opportunity to select and manage your own investments through an online brokerage account. Through this account, you will have access to:

• More than 170 mutual funds in seven nationally recognized fund families.
• Funds offered at Net Asset Value (NAV).
• Online enrollment and web tools to help you manage your account.
• Registered representatives who assist you with questions.

* Deposits up to the $1,000 peg balance are FDIC insured. Any funds over the peg balance are an investment in a money market mutual fund that is not insured by the FDIC or any other governmental agency. Although the fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the fund.

** Investments you make through your HSA are not FDIC insured. Securities offered through UMB Financial Services, Inc., member FINRA (www.finra.org‡), SIPC. UMB Financial Services, Inc. is a subsidiary of UMB Bank n.a. UMB Bank n.a. is a wholly-owned subsidiary of UMB Financial Corporation. UMB Financial Services, Inc., is not a bank and is separate from UMB Bank n.a. and other banks.

†Investments in securities, whether through the money market sweep account or through other investment options available in the brokerage account are: Not FDIC Insured • May Lose Value • No Bank Guarantee