HealthEquity blog

HSAs for retirement: Saving $100,000 and beyond

top 10 HSA questions

In 2007, Sammy, an actual HealthEquity member, opened a health savings account (HSA) and contributed $46 the first year. He transferred his account to HealthEquity and started using the investment platform here in 2012. Now, ten years after opening his account, Sammy’s HSA balance is over $100,000.

“The first year, I just sat on the sidelines and looked, and I just kept reading about it,” Sammy said in an interview with HealthEquity. “I came in around 2007. I jumped in very sheepishly … I put in $46, then the next year, I put in a little more and got very confident in the program.”

Sammy is not the only person to have more than $100,000 in his HSA, but his story is unique because he was 55 when he first opened his account. Sammy credits the growth of his HSA to maxing out contributions, actively managing his HSA investments to increase growth potential, and many other things. One of the most important he says, is changing his mindset when it comes to health and finances.

“[An HSA] is more than just a savings account,” Sammy said. “It has to involve how you are going to approach health. It’s not, ‘Can I get a good policy that will pay for everything?’ You have to get out of that mindset. You have to sit and think about staying healthy, making good choices, avoiding high-risk lifestyles. … And, of course, [there’s] finance. … You really want to make good lifestyle choices so you don’t spend money unnecessarily.”

Sammy also has a few tips for those who currently own an HSA. Everyone’s HSA needs and experiences are different, but the following suggestions worked for Sammy and his tips can help others make a plan for their HSAs.

“Make [HSAs] part of your retirement plan. You build up your 401(k) and all the other things, and if you build up your HSA, you’ll probably never have to use those funds before retirement. You let it sit there, you let it grow, you use it to take care of your healthcare. … That’s where I go back to take care of yourself. … Stay healthy, and put money in — don’t try and take it out.”

Because of his experiences, Sammy is a major proponent of HSAs and has helped convince those around him that the tax advantages that come with HSAs are too important to pass up.

“I actually believe in the whole mindset of an HSA, and I try to convert everybody I can. It’s just something I believe in. It’s part of my whole idea about how you approach healthcare. … There’s many advantages to a health savings account, and it’s one of the best things out there.”


The statements and opinions presented are applicable to the individuals depicted. Results will vary and may not be representative of the experiences of others. The statements are voluntarily provided and are not paid, nor were they provided with free products, services, or any other benefits in exchange for said statements. 

Investing is not suitable for everyone. Investments are subject to risk and their value will fluctuate based on market conditions making it possible to lose the principal invested. Investing is not FDIC insured or guaranteed by HealthEquity. Before making any investments, review the fund’s prospectus.

Nothing in this communication is intended as legal, tax, financial, or medical advice. Always consult a professional when making life-changing decisions.

Topics: HSA, HSA investing, retirement

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