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Health Insurance Guide > How safe are my funds in an HSA account?How safe are my funds in an HSA account?Here's what you need to know. The money in an HSA account is held in a trust and is managed by a bank, an insurance company and additional approved Trustee. This entity is referred to as the Administrator of your HSA. Funds in an HSA account are invested at the client's discretion from the following options: 1. CDs. 2. Interest bearing accounts. 3. Mutual funds. 4. Money market funds. With the volatility of the current economic climate, some people may be looking to avoid risk as much as possible. If you find yourself in this group, inquire about an interest-bearing account, which are insured by the FDIC. As well, mutual funds may bring about a more profitable return. However, these are riskier and not insured by the FDIC.
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