Add an HSA Investment account type (edited)

MDG39518

I would like to see HSA as choice under Investments. They aren't really any of the choices and I could view HSA account together.

WEH38618

I have the same request

mverbree

Agreed, so it shows separately under investments.

FutureEye

HSA account will have a savings account and an invest account. Both we need to have tagging while we add them.

Right now I am adding under other investment account and savings account.

Flynn1982

I have the same request (minor issue for me). We choose to dump money into the HSA and let it grow tax-free for tax-free withdrawal a long ways down the road. Therefore, we consider both accounts to be "investments". Thanks.

SYL

Another request for HSA as an option

AJG

+1. Would be nice to have

Jim O

Yes, being able to add would be great. Don't know why it's not already here, lot's of people have HSA/FSA accounts

agirault

It's just about a label, right? Nothing special about how it's processed/displayed otherwise? Feeling like the request could extend to just "custom label" if that's indeed the case.

For example, I also have an ORP and 457B. Would be nice to just add labels for these as custom categories under "investment", but really just a nice to have.

Mortimer Duke

https://community.simplifimoney.com/discussion/comment/28456#Comment_28456

No, not necessarily. Some HSAs are like Savings Accounts. Others support directed investments. Both are treated the same in terms of taxation. A discrete category for each would be ideal.

usercat

I have a Health Savings Account, which I currently track as "Other Investments". It would be nice if I could track this as the account type it actually is.

Boylivo

+1 Would be nice to have

maalamaal

+1 for the HSA account type

SRC54

I don't have any experience with HSA accounts, but I have found the thread interesting and it seems there is a need for them, and gave it my upvote as well. I am going to look into these accounts to learn more about them!

Wedo778

https://community.simplifimoney.com/discussion/comment/40263#Comment_40263

TL;DR its a companion to high deductible health insurance plans. Low deductible plans have a different kinds of savings account attached that has to be spent within that calendar year. HSA's you can own your entire life, spend whenever you have medical expenses, and invest in the meantime. Tax-deductible income, tax-free earnings as long as it is spent on medical expenses.

alkaboy

This other feature request should also cover it:

https://community.simplifimoney.com/discussion/8056/ability-to-create-custom-account-types-edited

SRC54

@Wedo778 Thanks for the explanation. Sounds like a good thing for sure for those with high deductible plans!