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.