Health Savings Account HSA Options Benefits Investments
Health Savings Account HSA Options & Benefits Fidelity Investments
An HSA is a tax-advantaged account you can use to save money to pay for qualified medical expenses. Because contributions, qualified withdrawals, and investment growth are all tax-free and your money can carry over from year to year, the HSA can help you gain control over your health care expenses.
An HSA is associated with a .
Personalized attention when you need it, online or over the phone, to make using your HSA easy Broad investing options
Offering a full range of investment opportunities, Fidelity's curated lineup, and , the first mutual funds designed specifically for HSA investing Competitive pricing with the Fidelity HSA
Zero account transaction fees2
Zero separate account fees to invest3
Zero minimums to invest4 Account integration
Managing retirement and health savings accounts to align your long- and short-term financial goals Data security
World-class security measures to help keep your accounts safe, including advanced fraud detection Insights & education
Targeted education based on industry-leading research, market insights, and decades of experience
Named for Investment Quality, Investment Options, and Low Fees8 2021
Ranked the #1 HSA provider among 10 of the largest HSA providers9 2019, 2020, 2021 & 2022 These third-party accolades of Fidelity as an HSA provider were for the Fidelity HSA only. 1. With respect to federal taxation only. Contributions, investment earnings, and distributions may or may not be subject to state taxation. 2. Account transaction fees refers to fees for account features such as account opening, funds transfer, debit cards, excess contributions, etc. and does not include recordkeeping fees, which may be charged to employers. Employers may choose to pass recordkeeping fees on to employees. 3. Commissions and other expenses associated with transacting or holding specific investments (e.g., mutual funds) may apply. Refer to the fees and commission schedule for additional detail at . 4. There may be funds that require a minimum amount to invest, but Fidelity does not require a minimum to start investing. 5. Estimate based on a hypothetical opposite-sex couple retiring in 2022, 65-years-old, with life expectancies that align with Society of Actuaries' RP-2014 Healthy Annuitant rates projected with Mortality Improvements Scale MP-2020 as of 2022. Actual assets needed may be more or less depending on actual health status, area of residence, and longevity. Estimate is net o f taxes. The Fidelity Retiree Health Care Cost Estimate assumes individuals do not have employer-provided retiree health care coverage, but do qualify for the federal government’s insurance program, Original Medicare. The calculation takes into account cost-sharing provisions (such as deductibles and coinsurance) associated with Medicare Part A and Part B (inpatient and outpatient medical insurance). It also considers Medicare Part D (prescription drug coverage) premiums and out-of-pocket costs, as well as certain services excluded by Original Medicare. The estimate does not include other health-related expenses, such as over-the-counter medications, most dental services and long-term care. 6. This hypothetical scenario assumes the following: The household contributes up to the HSA family limit each year at the beginning of the year for 30 years, the IRS will increase contribution limits over time to index to inflation and that the earnings are compounded annually, the account is invested with a 7% rate of return, and the family withdraws 50% of contributions each year. 7. Any withdrawals for non-qualified medical expenses are subject to federal and state taxation. Non-qualified withdrawals before age 65 may be subject to an additional 20% penalty. 8. Investor’s Business Daily (IBD), February 2021: Best Health Savings Account Providers. Editors identified twelve best HSAs based on account features, customer reviews, benefit consultants' input, and Morningstar fund ratings. 9. Morningstar rated 10 retail HSA providers for HSAs as a spending account to cover current medical costs and HSAs as an investment account to save for future medical expenses. Results published in "2019 Health Savings Account Landscape", "2020 Health Savings Account Landscape", "2021 Health Savings Account Landscape", and "2022 Health Savings Account Landscape". These ratings are applicable to the Fidelity HSA only. For plan sponsor and investment professional use only. Investing involves risk, including risk of loss. Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully. 891846.12.0 Copyright 1998-2022 FMR LLC. All Rights Reserved.
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Fidelity does not provide legal or tax advice, and the information provided is general in nature and should not be considered legal or tax advice. Consult an attorney, tax professional, or other advisor regarding your specific legal or tax situation.
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Get more with the Fidelity HSA
A powerful way to help gain control of your health care expenses, the Fidelity health savings account (HSA) supports customers at every level.I am
br an individual or family
With the triple tax advantage1, the HSA can help you save money to pay for qualified medical expenses now and into retirement.br an employer
The Fidelity HSA can offer you and your employees a cost-effective way to save for health care expenses, backed by Fidelity’s commitment to customer service.br a broker or consultant
Fidelity offers claims integration, effective participant education, and the latest in data security technology to meet and protect your clients’ needs.br a health insurer
Trust that your members are getting the most from their HSA because Fidelity offers financial guidance based on decades of experience.h2 What is an HSA
An HSA is a tax-advantaged account you can use to save money to pay for qualified medical expenses. Because contributions, qualified withdrawals, and investment growth are all tax-free and your money can carry over from year to year, the HSA can help you gain control over your health care expenses.
An HSA is associated with a .
Why Fidelity
Exceptional servicePersonalized attention when you need it, online or over the phone, to make using your HSA easy Broad investing options
Offering a full range of investment opportunities, Fidelity's curated lineup, and , the first mutual funds designed specifically for HSA investing Competitive pricing with the Fidelity HSA
Zero account transaction fees2
Zero separate account fees to invest3
Zero minimums to invest4 Account integration
Managing retirement and health savings accounts to align your long- and short-term financial goals Data security
World-class security measures to help keep your accounts safe, including advanced fraud detection Insights & education
Targeted education based on industry-leading research, market insights, and decades of experience
The benefits of HSAs for retirement
Insights for individuals and families The average couple will spend $315,000 on retirement medical costs as of 2022.5 If you invest half of what you contribute each year, over a period of 30 years your investment could grow to be twice what you need for retirement.6 After age 65, you can use your HSA for anything you want. Non-health care expenses become penalty-free.7Named for Investment Quality, Investment Options, and Low Fees8 2021
Ranked the #1 HSA provider among 10 of the largest HSA providers9 2019, 2020, 2021 & 2022 These third-party accolades of Fidelity as an HSA provider were for the Fidelity HSA only. 1. With respect to federal taxation only. Contributions, investment earnings, and distributions may or may not be subject to state taxation. 2. Account transaction fees refers to fees for account features such as account opening, funds transfer, debit cards, excess contributions, etc. and does not include recordkeeping fees, which may be charged to employers. Employers may choose to pass recordkeeping fees on to employees. 3. Commissions and other expenses associated with transacting or holding specific investments (e.g., mutual funds) may apply. Refer to the fees and commission schedule for additional detail at . 4. There may be funds that require a minimum amount to invest, but Fidelity does not require a minimum to start investing. 5. Estimate based on a hypothetical opposite-sex couple retiring in 2022, 65-years-old, with life expectancies that align with Society of Actuaries' RP-2014 Healthy Annuitant rates projected with Mortality Improvements Scale MP-2020 as of 2022. Actual assets needed may be more or less depending on actual health status, area of residence, and longevity. Estimate is net o f taxes. The Fidelity Retiree Health Care Cost Estimate assumes individuals do not have employer-provided retiree health care coverage, but do qualify for the federal government’s insurance program, Original Medicare. The calculation takes into account cost-sharing provisions (such as deductibles and coinsurance) associated with Medicare Part A and Part B (inpatient and outpatient medical insurance). It also considers Medicare Part D (prescription drug coverage) premiums and out-of-pocket costs, as well as certain services excluded by Original Medicare. The estimate does not include other health-related expenses, such as over-the-counter medications, most dental services and long-term care. 6. This hypothetical scenario assumes the following: The household contributes up to the HSA family limit each year at the beginning of the year for 30 years, the IRS will increase contribution limits over time to index to inflation and that the earnings are compounded annually, the account is invested with a 7% rate of return, and the family withdraws 50% of contributions each year. 7. Any withdrawals for non-qualified medical expenses are subject to federal and state taxation. Non-qualified withdrawals before age 65 may be subject to an additional 20% penalty. 8. Investor’s Business Daily (IBD), February 2021: Best Health Savings Account Providers. Editors identified twelve best HSAs based on account features, customer reviews, benefit consultants' input, and Morningstar fund ratings. 9. Morningstar rated 10 retail HSA providers for HSAs as a spending account to cover current medical costs and HSAs as an investment account to save for future medical expenses. Results published in "2019 Health Savings Account Landscape", "2020 Health Savings Account Landscape", "2021 Health Savings Account Landscape", and "2022 Health Savings Account Landscape". These ratings are applicable to the Fidelity HSA only. For plan sponsor and investment professional use only. Investing involves risk, including risk of loss. Before investing, consider the funds' investment objectives, risks, charges, and expenses. Contact Fidelity for a prospectus or, if available, a summary prospectus containing this information. Read it carefully. 891846.12.0 Copyright 1998-2022 FMR LLC. All Rights Reserved.
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Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
796549.1.0