Page 16 - 2019 CommScope AE
P. 16
Do You Know Your CommScope HSA Has an Investment
Opportunity?
The Unused Balance of Your HSA Carries How Do I Set Up Investments?
Over From Year to Year—And The Account is
Even if you don’t have $1,000 in your HSA yet, you
Yours For Life! can still deine your investment threshold amount
One way to help grow your HSA over the long term is and select your investments election now. Then when
to take advantage of the HSA investment option. When your account reaches $1,000, funds will automatically
your HSA balance reaches $1,000, you’re eligible to transfer to your investment account. Plus, you can
start investing any portion of the balance above this change your investment elections at any time. Just set
amount in select mutual funds provided through Bank it and you’re ready to go!
of America. Scan the QR code using your smartphone to review a
Is Saving For Healthcare Costs During short video for step-by-step instructions on how to set
Retirement a Priority For You? up investments.
If so, then the HSA investment feature may be a
good option. An HSA that’s solely in cash will earn
interest like a savings account, but it won’t offer the
potential for higher growth over the long term through
investing—helping you cover your healthcare expenses
now and in the future.
Don’t Have a Smartphone? No Worries!
Here Are the Steps to Set Up HSA
Investing:
1. Go to myhealth.bankofamerica.com, choose
“Manage Investments.”
2. Select “Update Investment Sweeps.”
3. Check the box and then enter the dollar amount you
want to deine as your investment sweep amount.
Click “Save and Continue.”
4. Choose “Manage Investments” and you’ll be directed
to the investments website where you can establish
your election percentages.
16 ANNUAL ENROLLMENT GUIDE BENEFITS 2019
Opportunity?
The Unused Balance of Your HSA Carries How Do I Set Up Investments?
Over From Year to Year—And The Account is
Even if you don’t have $1,000 in your HSA yet, you
Yours For Life! can still deine your investment threshold amount
One way to help grow your HSA over the long term is and select your investments election now. Then when
to take advantage of the HSA investment option. When your account reaches $1,000, funds will automatically
your HSA balance reaches $1,000, you’re eligible to transfer to your investment account. Plus, you can
start investing any portion of the balance above this change your investment elections at any time. Just set
amount in select mutual funds provided through Bank it and you’re ready to go!
of America. Scan the QR code using your smartphone to review a
Is Saving For Healthcare Costs During short video for step-by-step instructions on how to set
Retirement a Priority For You? up investments.
If so, then the HSA investment feature may be a
good option. An HSA that’s solely in cash will earn
interest like a savings account, but it won’t offer the
potential for higher growth over the long term through
investing—helping you cover your healthcare expenses
now and in the future.
Don’t Have a Smartphone? No Worries!
Here Are the Steps to Set Up HSA
Investing:
1. Go to myhealth.bankofamerica.com, choose
“Manage Investments.”
2. Select “Update Investment Sweeps.”
3. Check the box and then enter the dollar amount you
want to deine as your investment sweep amount.
Click “Save and Continue.”
4. Choose “Manage Investments” and you’ll be directed
to the investments website where you can establish
your election percentages.
16 ANNUAL ENROLLMENT GUIDE BENEFITS 2019
