Health Savings Account HSA Benefits Investments
Health Savings Account HSA Benefits Fidelity Investments Please enter a valid email address Please enter a valid email address Important legal information about the email you will be sending. By using this service, you agree to input your real email address and only send it to people you know. It is a violation of law in some jurisdictions to falsely identify yourself in an email. All information you provide will be used by Fidelity solely for the purpose of sending the email on your behalf. The subject line of the email you send will be "Fidelity.com: " Your email has been sent.
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Your HSA contributions are tax-deductible, you can spend your money tax-free,2 and any growth is tax-free too.
Investing your unused HSA money can be a great way to take the sting out of retirement health care costs.
Your unused HSA money rolls over every year. Keep your HSA if you move or change employers or insurance.
You're covered by an on the first of the month.
However:
You cannot be claimed as a dependent on someone else's tax return or covered by an , such as Medicare.
Anyone with an existing HSA is eligible to spend, invest, or that money at any time, even if no longer covered by an HSA-eligible health plan.
Choose the Fidelity HSA, a brokerage account that gives you flexibility with your money. It offers:
No account minimums or fees3 A wide range of investments, from stocks and bonds to mutual funds, and ETFs—plus and fractional shares
Or choose the new .
It’s an easy, affordable way to enjoy the benefits of professional money management.
With the Fidelity Go HSA, you'll pay no advisory fee for balances under $25,000 and 0.35% per year for a balance of $25,000 and above.
Named for Investment Quality, Investment Options, and Low Fees5 2021
Ranked the #1 HSA provider among 10 of the largest HSA providers6 2019, 2020, 2021 & 2022
HSAs are not "use-it-or-lose-it," and they generally cover a broader range of qualified medical expenses than flexible spending accounts (FSAs).
Although many employers offer HSAs during annual enrollment, you can open one with any HSA provider.4
Opened through my employer Sign in to NetBenefits to access/activate your employer-offered HSA.
Questions?
866-402-7610 1. With respect to federal taxation only. Contributions, investment earnings, and distributions may or may not be subject to state taxation. 2. Spending HSA money is tax-free when used to pay for qualified medical expenses. 3. There are zero account fees and zero account minimums for Fidelity HSAs offered through Fidelity.com to individuals and employers. There may be commissions, interest charges, and other expenses associated with transacting or holding specific investments (e.g., mutual funds), or selecting certain account features or types (e.g., managed accounts). When a Fidelity HSA is offered as part of an employer’s benefits package (which occurs through NetBenefits), Fidelity charges the employer a recordkeeping fee. This is a common fee charged by HSA providers. This fee may be up to $48/year, but it could be reduced or waived depending on the HSA balance. Employers may pass this fee on to their employees. Contact the employer for more information. Accounts that have been opened through, or are serviced by, an intermediary, or in connection with your workplace benefits, may incur additional fees or restrictions. Account minimums may apply to certain investments, including the purchase of some Fidelity mutual funds that have a minimum investment requirement. If you choose to invest in mutual funds, underlying fund expenses still apply. For more information and details, see the fund's prospectus and/or . 4. Opening an HSA with a third-party provider, other than your employer, may limit your opportunity to use pre-tax payroll contributions. Although post-tax contributions are federal income tax-deductible, you will be required to pay FICA taxes. This means third-party HSAs may not be as tax-advantaged as employer-provided HSAs. 5. Investor's Business Daily (IBD), February 2021: Best Health Savings Accounts Providers. Editors identified twelve best HSAs based on account features, customer reviews, benefit consultants' input, and Morningstar fund ratings. This rating is applicable to the Fidelity HSA only. 6. 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. Fidelity Go provides discretionary investment management, and in certain circumstances, non-discretionary financial planning, for a fee. Advisory services offered by Fidelity Personal and Workplace Advisors LLC (FPWA), a registered investment adviser. Discretionary portfolio management services provided by Strategic Advisers LLC (Strategic Advisers), a registered investment adviser. Brokerage services provided by Fidelity Brokerage Services LLC (FBS), and custodial and related services provided by National Financial Services LLC (NFS), each a member NYSE and SIPC. FPWA, Strategic Advisers, FBS and NFS are Fidelity Investments companies. Fidelity's Virtual Assistant uses advanced technology and artificial intelligence to help with frequently asked questions and to enhance your digital experience. It is designed to be both anticipatory and responsive based on your search terms, information you enter in reply to the Virtual Assistant's questions, and your account and other information on file with Fidelity. Fidelity does not guarantee accuracy of the Virtual Assistant's responses or alignment of its suggestions with your intended purpose. The Virtual Assistant does not recommend the purchase or sale of specific securities or digital assets. While it may offer educational information, it does not have the capability to discern what investment choices would be suitable for your personal situation. Do not attempt to place trade orders through the Virtual Assistant; it can provide you with guidance as to how to place a trade at Fidelity, but the Virtual Assistant cannot execute trades on your behalf. Any personal, account or other information you provide to the Virtual Assistant, as well as all search information entered, may be retained, accessible to Fidelity personnel, and used and shared consistent with Fidelity's Privacy Policy. Notwithstanding, you should not provide the Virtual Assistant with credit or debit card information or protected health information. The information provided herein is general in nature. It is not intended, nor should it be construed, as legal or tax advice. Because the administration of an HSA is a taxpayer responsibility, you are strongly encouraged to consult your tax advisor before opening an HSA. You are also encouraged to review information available from the Internal Revenue Service (IRS) for taxpayers, which can be found on the IRS website at . You can find IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans, and IRS Publication 502, Medical and Dental Expenses, online, or you can call the IRS to request a copy of each at 800-829-3676. 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. 860492.28.0
I'd like Fidelity to choose and manage my investments.
Please note: Your existing HSA may be held in 2 separate accounts, both of which are eligible to be transferred. A bank account holding your cash balance A brokerage account holding your investments A separate transfer request may be required for each type of account. Your current HSA provider will be able to help you determine the right process. Some financial institutions do not allow in-kind transfers of investments held in an HSA. Contact your current provider to learn more about your options. Transfers directly into a Fidelity Go HSA must be made in cash, but you can transfer securities you don't wish to liquidate into a self-directed HSA first. 1. Depending on your current HSA provider's transfer process, an HSA transfer may take up to 3 weeks to complete.
2. Some financial institutions may require paper forms to initiate a transfer.
Please keep in mind that all of your contributions to all of your HSAs will count together toward the IRS's annual contribution limits. Having more than one HSA does not increase your annual contribution limits.
What are the interest rates or yields on my Fidelity HSA core position options?
Interest rates or yields may vary due to market conditions. . How do I change my core position? The option to choose your position appears during account opening however, you can also change it at any time. Log in to Fidelity.com and select your HSA account. In the Positions tab, select Core or Cash. Select the Change core position button. Select FDIC or Fidelity Cash Reserves (FORXX), then click "Preview order," and "Submit." Switching is free and will not change your ability to access or invest this money.
1. You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the fund’s sponsor, have no legal obligation to provide financial support to money market funds and you should not expect that the sponsor will provide financial support to the fund at any time.
Fidelity’s government and U.S. Treasury money market funds will not impose a fee upon the sale of your shares, nor temporarily suspend your ability to sell shares if the fund's weekly liquid assets fall below 30% of its total assets because of market conditions or other factors
2. Under the Fidelity FDIC Deposit Sweep Program, uninvested cash balance is swept to one or more Program Banks where it earns a variable rate of interest and is eligible for FDIC insurance. At a minimum, there are five banks available to accept these deposits, making customers eligible for nearly $1,250,000 of FDIC insurance. If the number of available banks changes, or you elect not to use, and/or have existing assets at, one or more of the available banks, the actual amount could be higher or lower. Customers are responsible for monitoring their total assets at each of the Program Banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. The deposits at Program Banks are not covered by SIPC.
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.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
796549.1.0
Mutual Funds and Mutual Fund Investing - Fidelity Investments
Clicking a link will open a new window.h1 Health savings accounts
With a Fidelity health savings account (HSA), you can pay for qualified medical expenses in a tax-advantaged way, now through retirement.Go
How can an HSA benefit you
Triple tax advantages1
Your HSA contributions are tax-deductible, you can spend your money tax-free,2 and any growth is tax-free too.
It s investable
Investing your unused HSA money can be a great way to take the sting out of retirement health care costs.
It s your money
Your unused HSA money rolls over every year. Keep your HSA if you move or change employers or insurance.
Who s eligible
You can open and contribute to an HSA if
You're covered by an on the first of the month.
However:
You cannot be claimed as a dependent on someone else's tax return or covered by an , such as Medicare.
What if I already have an HSA
Anyone with an existing HSA is eligible to spend, invest, or that money at any time, even if no longer covered by an HSA-eligible health plan.
Choose from 2 different HSAs
Choose the Fidelity HSA, a brokerage account that gives you flexibility with your money. It offers:
No account minimums or fees3 A wide range of investments, from stocks and bonds to mutual funds, and ETFs—plus and fractional shares
Or choose the new .
It’s an easy, affordable way to enjoy the benefits of professional money management.
How much does it cost
With the Fidelity HSA, enjoy no account fees3 so you can get the most from your health care saving.With the Fidelity Go HSA, you'll pay no advisory fee for balances under $25,000 and 0.35% per year for a balance of $25,000 and above.
Common fees charged by HSA providers
Fidelity s fees3
Account opening $0 Administration $0 Excess contribution reimbursement $0The Fidelity HSA
Named for Investment Quality, Investment Options, and Low Fees5 2021
Ranked the #1 HSA provider among 10 of the largest HSA providers6 2019, 2020, 2021 & 2022
Did you know an HSA gives you more options
HSAs are different from FSAs
HSAs are not "use-it-or-lose-it," and they generally cover a broader range of qualified medical expenses than flexible spending accounts (FSAs).
HSAs are not always employer-offered
Although many employers offer HSAs during annual enrollment, you can open one with any HSA provider.4
Ready to get started
Already have a Fidelity HSA
Opened by me Sign in to Fidelity.com to access your HSA account details.Opened through my employer Sign in to NetBenefits to access/activate your employer-offered HSA.
Questions?
866-402-7610 1. With respect to federal taxation only. Contributions, investment earnings, and distributions may or may not be subject to state taxation. 2. Spending HSA money is tax-free when used to pay for qualified medical expenses. 3. There are zero account fees and zero account minimums for Fidelity HSAs offered through Fidelity.com to individuals and employers. There may be commissions, interest charges, and other expenses associated with transacting or holding specific investments (e.g., mutual funds), or selecting certain account features or types (e.g., managed accounts). When a Fidelity HSA is offered as part of an employer’s benefits package (which occurs through NetBenefits), Fidelity charges the employer a recordkeeping fee. This is a common fee charged by HSA providers. This fee may be up to $48/year, but it could be reduced or waived depending on the HSA balance. Employers may pass this fee on to their employees. Contact the employer for more information. Accounts that have been opened through, or are serviced by, an intermediary, or in connection with your workplace benefits, may incur additional fees or restrictions. Account minimums may apply to certain investments, including the purchase of some Fidelity mutual funds that have a minimum investment requirement. If you choose to invest in mutual funds, underlying fund expenses still apply. For more information and details, see the fund's prospectus and/or . 4. Opening an HSA with a third-party provider, other than your employer, may limit your opportunity to use pre-tax payroll contributions. Although post-tax contributions are federal income tax-deductible, you will be required to pay FICA taxes. This means third-party HSAs may not be as tax-advantaged as employer-provided HSAs. 5. Investor's Business Daily (IBD), February 2021: Best Health Savings Accounts Providers. Editors identified twelve best HSAs based on account features, customer reviews, benefit consultants' input, and Morningstar fund ratings. This rating is applicable to the Fidelity HSA only. 6. 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. Fidelity Go provides discretionary investment management, and in certain circumstances, non-discretionary financial planning, for a fee. Advisory services offered by Fidelity Personal and Workplace Advisors LLC (FPWA), a registered investment adviser. Discretionary portfolio management services provided by Strategic Advisers LLC (Strategic Advisers), a registered investment adviser. Brokerage services provided by Fidelity Brokerage Services LLC (FBS), and custodial and related services provided by National Financial Services LLC (NFS), each a member NYSE and SIPC. FPWA, Strategic Advisers, FBS and NFS are Fidelity Investments companies. Fidelity's Virtual Assistant uses advanced technology and artificial intelligence to help with frequently asked questions and to enhance your digital experience. It is designed to be both anticipatory and responsive based on your search terms, information you enter in reply to the Virtual Assistant's questions, and your account and other information on file with Fidelity. Fidelity does not guarantee accuracy of the Virtual Assistant's responses or alignment of its suggestions with your intended purpose. The Virtual Assistant does not recommend the purchase or sale of specific securities or digital assets. While it may offer educational information, it does not have the capability to discern what investment choices would be suitable for your personal situation. Do not attempt to place trade orders through the Virtual Assistant; it can provide you with guidance as to how to place a trade at Fidelity, but the Virtual Assistant cannot execute trades on your behalf. Any personal, account or other information you provide to the Virtual Assistant, as well as all search information entered, may be retained, accessible to Fidelity personnel, and used and shared consistent with Fidelity's Privacy Policy. Notwithstanding, you should not provide the Virtual Assistant with credit or debit card information or protected health information. The information provided herein is general in nature. It is not intended, nor should it be construed, as legal or tax advice. Because the administration of an HSA is a taxpayer responsibility, you are strongly encouraged to consult your tax advisor before opening an HSA. You are also encouraged to review information available from the Internal Revenue Service (IRS) for taxpayers, which can be found on the IRS website at . You can find IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans, and IRS Publication 502, Medical and Dental Expenses, online, or you can call the IRS to request a copy of each at 800-829-3676. 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. 860492.28.0
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I will choose and manage my own investments.I'd like Fidelity to choose and manage my investments.
About HSA investing
Learn more about your options if you're:HSA-eligible health plans
. Each year, the IRS sets the required minimum deductible and maximum out-of-pocket amounts for a plan to be considered eligible. HDHP minimum deductibles: Out-of-pocket maximum amounts:HSA ownership
HSA tax benefits
HSAs vs FSAs
Ineligible health plans
, or consult with your tax advisor.Investing options
Online resources
helps you manage your expenses. Also, it’s important to retain your health care documents as you use your HSA. helps you store your documents and receipts securely online.Personal HSA flexibility
.Fee details
HSA transfers
can help you through the process and you can sign up to receive alerts during important steps.1,2 Because the transfer process can vary between institutions, check with your current provider for specific transfer instructions.Please note: Your existing HSA may be held in 2 separate accounts, both of which are eligible to be transferred. A bank account holding your cash balance A brokerage account holding your investments A separate transfer request may be required for each type of account. Your current HSA provider will be able to help you determine the right process. Some financial institutions do not allow in-kind transfers of investments held in an HSA. Contact your current provider to learn more about your options. Transfers directly into a Fidelity Go HSA must be made in cash, but you can transfer securities you don't wish to liquidate into a self-directed HSA first. 1. Depending on your current HSA provider's transfer process, an HSA transfer may take up to 3 weeks to complete.
2. Some financial institutions may require paper forms to initiate a transfer.
Please keep in mind that all of your contributions to all of your HSAs will count together toward the IRS's annual contribution limits. Having more than one HSA does not increase your annual contribution limits.
Core positions for a Fidelity HSA
* Money market funds are mutual funds that invest in short-term debt securities issued by short-term, high-quality entities that borrow money to repay principal and interest to investors within a short time period. Money market funds have different characteristics than a bank sweep so read the fund's prospectus carefully. or Fidelity's FDIC Insured Deposit Sweep Program.† Through the program, the uninvested cash balance is swept to one or more program banks where it is eligible for FDIC insurance. For more information, please refer to the and the .What are the interest rates or yields on my Fidelity HSA core position options?
Interest rates or yields may vary due to market conditions. . How do I change my core position? The option to choose your position appears during account opening however, you can also change it at any time. Log in to Fidelity.com and select your HSA account. In the Positions tab, select Core or Cash. Select the Change core position button. Select FDIC or Fidelity Cash Reserves (FORXX), then click "Preview order," and "Submit." Switching is free and will not change your ability to access or invest this money.
1. You could lose money by investing in a money market fund. Although the fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. Fidelity Investments and its affiliates, the fund’s sponsor, have no legal obligation to provide financial support to money market funds and you should not expect that the sponsor will provide financial support to the fund at any time.
Fidelity’s government and U.S. Treasury money market funds will not impose a fee upon the sale of your shares, nor temporarily suspend your ability to sell shares if the fund's weekly liquid assets fall below 30% of its total assets because of market conditions or other factors
2. Under the Fidelity FDIC Deposit Sweep Program, uninvested cash balance is swept to one or more Program Banks where it earns a variable rate of interest and is eligible for FDIC insurance. At a minimum, there are five banks available to accept these deposits, making customers eligible for nearly $1,250,000 of FDIC insurance. If the number of available banks changes, or you elect not to use, and/or have existing assets at, one or more of the available banks, the actual amount could be higher or lower. Customers are responsible for monitoring their total assets at each of the Program Banks to determine the extent of available FDIC insurance coverage in accordance with FDIC rules. The deposits at Program Banks are not covered by SIPC.
Common HSA fees
Fidelity does charge a recordkeeping fee to employers who offer a Fidelity HSA to their employees. This is a common fee charged by HSA providers. Employers may choose to pass that fee on to their employees. At Fidelity, that fee may be up to $48/year, but it could be reduced or waived depending on the HSA balance. † Fidelity does not charge fees to invest your HSA. Certain investment transactions may result in commission charges or transaction fees (please see ) Δ Fidelity Go accounts invest in zero expense ratio Fidelity Flex mutual funds that do not charge management fees or, with limited exceptions, fund expenses. The Fidelity Go program's advisory fee does not cover a regulatory charge of a few cents per $1,000 of securities sold to fund the managed account (to the extent applicable). For details, review the Fidelity Go Program Fundamentals, available online.Health insurer
and we'll respond by the next business day.Broker or consultant
and we'll respond by the next business day. Important Information Virtual Assistant is Fidelity’s automated natural language search engine to help you find information on the Fidelity.com site. As with any search engine, we ask that you not input personal or account information. Information that you input is not stored or reviewed for any purpose other than to provide search results. Responses provided by the virtual assistant are to help you navigate Fidelity.com and, as with any Internet search engine, you should review the results carefully. Fidelity does not guarantee accuracy of results or suitability of information provided. Keep in mind that investing involves risk. The value of your investment will fluctuate over time, and you may gain or lose money.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.
Fidelity Brokerage Services LLC, Member NYSE, SIPC, 900 Salem Street, Smithfield, RI 02917
796549.1.0