Overview
External investments (myHSA)
An investment experience offered through Benepass’s external partner, myHSA, where you manage investments via the myHSA platform.
Benepass offers the option to invest through myHSA Investments, an external platform. This guide walks through how to get started with external investments (myHSA)
Who has access?
In-app investments are available if your HSA is configured to offer this option.
If you see a link to log in to myHSA instead, follow the external investments (myHSA) guide.
You can move money out of your myHSA Investments account back into your Benepass HSA account to spend on eligible items and services at any time. For withdrawals, requests are made from your myHSA Investments account into your Benepass HSA account.
How it works
To withdraw funds, initiate a request from your myHSA account by following the instructions below. You can choose to move either part of your investment balance or the entire amount.
To initiate a withdrawal:
Log in to your myHSA investment account.
From the Invest menu, select Move Money.
Enter the dollar amount you'd like to move back to your HSA.
Select Submit Request to complete your request.
Your HSA investments will be liquidated on a pro-rata basis across your invested funds to generate the cash needed for your request.
Note: Requests resulting in the liquidation of 90% or more of a mutual fund will be processed based upon the number of units calculated using the previous market day’s NAV.
Once the withdrawal is complete, the funds will be deposited into your Benepass HSA workspace and will be available to use for eligible HSA expenses. Withdrawals from your myHSA investment account to your Benepass HSA typically take 7–10 business days to complete.
You can also contact myHSA Support at any time by visiting their website.