Elements Financial HSA members have access to an investment program through TD Ameritrade. Those who do not plan to use all of their HSA funds for current year medical expenses may wish to consider investing HSA dollars for potential added savings.
Please note: Your medical expenses can only be paid from the Elements HSA, not from your TD Ameritrade investment account. Therefore, funds must be liquidated from their investments and moved back to your credit union HSA in order to use those funds for expenses. This process can take several business days to complete so please keep this in mind when planning your investment deposits and transfer of funds.
Participation Requirements
In order to enroll in the investment program, you must have an account balance of at least $2,500 in your HSA at the time of enrollment. Eligibility does not constitute enrollment in the program. You must actively elect to enroll in order to use the investment funding provided to you through TD Ameritrade.
Post enrollment in TD Ameritrade, you’ll be able to move any amount over $2,500 from your HSA account to your TD Ameritrade investment account. If your HSA account balance goes below $2,500, you will not be able to move additional funds to your investment account.
Enrollment
To begin the enrollment process, log into your HSA through elements.org/hsa. From the left navigation menu, select Investment Account from the navigation bar.
The screen will display a message in the event you are not yet eligible to enroll in TD Ameritrade.
If you are eligible to enroll (by meeting the minimum required balance), you will then have access to create your account at TD Ameritrade from the Investment Account page.
You will leave the HSA site and be taken to the TD Ameritrade’s enrollment portal in a new tab. Follow the online instructions to complete your enrollment in TD Ameritrade.
Once your enrollment is complete, TD Ameritrade will pass information back to our HSA system, indicating that you have an established investment account. Once we receive this information transfer of funds may begin.
Once you’ve successfully logged in to TD Ameritrade from your HSA account, you can access your TD Ameritrade account directly from your HSA without inputting your TDA credentials again. Clicking Manage my Investments in your HSA’s Investment Account page will take you directly to your TD Ameritrade account.
Please note: You will have two separate logins for your HSA. Your Elements account login and TD Ameritrade login. You may access your investment account from your HSA, or login to TD Ameritrade directly at tdameritrade.com. You will receive emails from TD Ameritrade with further information about your account.