In general, you can adjust your investment elections as often as you would like. Depending on which Lively investment solution you are using, below are a few considerations.
- Schwab Health Savings Brokerage Account (Charles Schwab): If you have elected to pay an annual access fee, there are no minimum cash requirements or time limits. If you have elected not to pay an annual access fee, you can invest anything above $3,000 in your cash account with no time limits. (Additional investment fees from Charles Schwab may apply.)
- HSA Guided Portfolio (Devenir): If you are investing with HSA Guided Portfolio, there are no additional investment fees outside the annual 0.50% annual management fee. If you currently have pending transactions, you will need to wait for them to be completed or cancel them before making a change.
Be sure to consult with a financial planning and/or tax professional as needed to understand your options.Updated: