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How much should I keep in cash in my HSA?
Main Post:
If I have my insurance deductibles covered by my emergency fund (3 months of expenses), do I really need to keep the full amount of my deductible/ max out of pocket in available cash in my HSA? My HSA through my employer is with optum bank and they require a balance of $2k in cash before any investing can be done. My max out of pocket is $4500. Married, no kids but planning for at least 1.
Top Comment:
You don't need to keep any cash position in HSA more than the provider requires. You can just pay out of pocket and reimburse yourself later.