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Guide To Managing your HSA Investments

Guide To Managing your HSA Investments - Departments & Programs, UW Health, Benefits, UW Health Open Enrollment, UWMF Open Enrollment, Health Savings Account, Resources

Guide to Managing HSA Investments
Revised 09/06/16
Your fund balances will be automatically reallocated, consistent with your investment elections and at the frequency you
select. Even as market conditions change, your overall investment mix will stay on target with your diversification strategy. The
investment sweeps will automatically replenish your cash account when it goes below your investment threshold. Simply follow
the below steps to manage your investments.
Step 1: Access your consumer portal by going to www.DiscoveryBenefits.com and entering your login credentials.
Step 2: From your homepage, select the “Accounts” tab, and in the lef�-hand column, choose “Investments.”
Next, on the investment site:
Step 3: From the Investments screen, click on the Set up Investment Transfers link. A pop-up screen will appear asking you to establish
your investment threshold. Make sure the “Define Investment Sweep Amount” box is checked. Enter an amount equal to or greater
than $1,000 and click “Save.” Please note: If you click the “Manage Investments” button, you will be prompted to answer a security
question and then directed to the investment site.
Step 4: Use the toolbar on the lef� side of the screen to navigate through the site. In the “Account Information” section of this toolbar,
select “Fund Performance” to view various investments and their return rates. This section will help with the investment decision-
making process.
Step 5: In the “Manage My Account” section in the same toolbar, select “Investment Elections” to view your investment preferences,
establish investments or reallocate investment funds. If you do make changes, be sure to click the “Submit Election Change” button at
the bottom of the page to save your updates. Please note: Trades initiated af�er 1:30 p.m. CST will be processed the next business day.
Trades require three business days to process.