Overview
In-app investments
A built-in investment experience inside the Benepass app that lets you view balances, set allocations, and track performance without leaving Benepass.
Benepass offers a built-in way to invest the funds in your Health Savings Account (HSA).
Who has access?
If your Benepass app instructs you to open an Investment account, or if you can see an Investments Summary card, you have access.
Can I invest in any security that I want to?
Investment options are selected by your employer to ensure the available options fit your company’s goals.
Does Benepass charge fees for investing?
There are no employee administrative fees charged by Benepass for in-app investments.
Note that some funds may carry their own expenses, such as an expense ratio, which is standard across the investment industry, and trading may be subject to financial or regulatory fees not governed by Benepass.
What is the minimum to start investing?
To begin investing, you need at least $125 in your HSA. Investments are made in increments of $25 or more, and at least $100 must remain in your account after investing.
How long does it take to move funds into investments?
Transfers from your Health Savings Account to your Investment account typically take 1–2 business days to complete.
Once the transfer is complete, the funds will appear in your Investment account and will be allocated according to your portfolio targets during the next rebalancing process.
How long does it take to withdraw funds from investments?
Withdrawals from your Investment account to your Health Savings Account typically take 2–5 business days.
You can withdraw any amount up to your investment balance. If needed, investments may be sold on your behalf before funds are withdrawn to your HSA.
Changing your allocation to 100% cash is not the same as withdrawing funds. Cash in your Investment account is not available to spend until it is withdrawn and the funds land in your HSA.
What happens if I leave my employer?
Your HSA and its associated investment account remain yours in the event that you leave your employer, and you’ll be able to continue managing your investments.
New investment options may change over time if your employer makes updates.