Health Savings Account (HSA) What are the There are many bene昀椀ts of establishing an HSA. Some of the top bene昀椀ts include: bene昀椀ts of › C ontributions reduce taxable income, funds grow tax-free and distributions for establishing a quali昀椀ed expenses are not taxed. Health Savings › UnityP oint Health makes a contribution to your health savings account. Account › T he balance can roll over from year to year. Unlike a 昀氀exible spending account (FSA), the HSA is not a “use it or lose it” account. (HSA)? › Y ou can change or update contributions throughout the year. › HSA funds belong to you even if you leave UnityPoint Health, change medical plans, or retire. Receive › Y ou will need to open an account with Fidelity (instructions below.) This will and Make allow your payroll contributions and the UnityPoint Health contribution to be Contributions deposited at Fidelity. to Your HSA › I n order to make pre-tax contributions to your HSA, you will need to elect those contributions within the Fidelity website. This will be the only method of making and changing your contributions throughout the year. Opening an When you’re ready, opening and managing your HSA with Fidelity is fast and account with easy. You’ll get information on investment choices, payment options, and Fidelity ongoing support to help you build and manage your savings. For convenience, you can open a Fidelity HSA online. Here’s how it works: › › › Log into F rom the home If you do not have access NetBene昀椀ts® at page, click “Open” to NetBene昀椀ts, contact a NetBene昀椀ts.com next to Health Fidelity Representative at Savings Account. 1-800-544-3716. | 13 |