Your Investment Options

CMA is pleased to offer this important product to help you take control of your healthcare. However, opening a Health Savings Account (HSA) can be more than just a great way to take control of your healthcare, it also provides you an additional investment opportunity.

Once you have a high deductible health plan (HDHP) and have opened your HSA account, you can decide how you want your HSA contributions invested. CMA has worked with our financial provider to offer investment options for our members who want excess funds in their HSA to work harder for them.

All funds are initially deposited in an HSA Deposit Account at UMB Bank, however, if you have contributions totaling more than you'll need for your expected medical expenses, you will also have the option of opening an investment account that may allow your excess funds to earn more money, all on a tax-deferred basis. You can select a Money Market Sweep Account, which automatically sweeps funds in excess of a “peg balance” that UMB sets into a money market fund. Or, you can request UMB open an account for you at UMB Financial Services, Inc.

UMB Financial Services HSA Investment Account

Once you direct UMB to open a UMB Financial Services, Inc. HSA Investment Account, you'll have access to a wide range of mutual fund options designed to provide you with investment choices to meet your objectives. This self-directed brokerage account features 7 nationally recognized mutual fund families with more than 175 individual funds from which to select, so every investor should be able to design an investment plan to meet their individual needs.

To open a UMB Financial Services, Inc. HSA Investment Account, click here to log into your HSA account.

Money Market Sweep Account

If you're not as interested in managing your investments, yet still want to have an investment option that may allow you to earn higher yields, you should consider opening a Money Market Sweep Account with UMB Bank. Excess funds above what you need for expected medical expenses are moved into a money market mutual fund account, yet are still available to you for qualified medical expenses should the need arise.

To open a Money Market Sweep Account including fees associated with it, click here to log into your HSA account. You can also call (866) 520-4HSA (4472) for more information.

You should be aware that funds held in mutual funds through UMB Bank or UMB Financial Services, Inc.:

• are not deposits or obligations of, or guaranteed by, UMB Bank, n.a., UMB Financial Services, Inc. or any other financial institution;
• are not insured by the FDIC or any other government agency; and
• involve investment risks, including the possible loss of the principal invested.

Funds held in the HSA Deposit Account are insured by the FDIC to the maximum permitted by law. Past performance of an investment is no guarantee of future results.

Page updated: 1/2/08

UMB Financial Services, Inc. is a member of SIPC, which protects securities customers of its members up to a ceiling of $500,000 per customer (including a maximum of $100,000 for cash balances). Explanatory brochure available upon request or at http://www.sipc.org.

UMB Financial Services, Inc. is not a registered broker/dealer in Hawaii or Puerto Rico.

UMB Financial Services, Inc. is a subsidiary of UMB Bank, n.a. UMB Bank, n.a. is a wholly-owned subsidiary of UMB Financial Corporation. UMB Financial Services, Inc. is not a bank and is separate from UMB Bank, n.a. and other banks.

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Brokerage services are provided by UMB Financial Services, Inc., a registered broker-dealer and member NASD, SIPC, and not by UMB Bank.

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