HSA Acct set up

My company just offer HSA acct and I'm signing up for 2025. Since it's kind of like an investment do I set up as an other invesment or as an other asset?
Answers
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If the HSA will actually hold securities, the Investment is your best bet as you can download prices, see gains and losses, record dividends, etc.
If it's pretty much really only going to hold cash and you expect that you will be using it as needed for medical expenses, then Cash is probably the best. You could also use Other Asset, if that's the way you view it. Other Asset Accounts typically don't allow for downloading.
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Thank you for the response. It will probably hold both securities and cash for current medical expenses. I'll look at setting up as an investment.
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Depending on the provider, if you are downloading transactions you may need to set up 2 accounts in Quicken, one for the cash and one for the investments. If the provider is Fidelity, you are in luck because it is all one account.
If it is two accounts, generally your contributions will go to the cash account and you will transfer to and from the investment side.
Quicken does not have a special HSA account type for the investment side. The closest would be a Roth IRA for the investments and if there is a separate cash account, make it a checking account and on the account details, set Tax deferred to Yes.
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