Health Savings Accounts
A new way to help your employees stay healthy
The Fidelity HSA® provides an innovative, holistic approach for helping employees manage their health care spending and savings decisions. It's a crucial component of any health care and retirement benefit offering, enhanced by Fidelity's investment flexibility and comprehensive administrative support.
Call 866.418.5173 or contact us to discuss how an HSA can help you control costs and help your employees save more for out-of-pocket retirement expenses.
How it works
In an HSA, your employees can save tax deferred for current and future qualified health care expenses. At the end of the year, their balance stays invested and can offset qualified health-related expenses in retirement. You can also begin to curb your premium increases year over year by offering a benefit designed to create longer-term changes in health care consumption and expenses.
You get full administrative support, including recordkeeping and custodial services. The account works with all high-deductible health plans and can easily integrate into an existing platform. Our open architecture investment platform provides access to thousands of Fidelity and non-Fidelity funds.
The Fidelity HSA® can help your employees close that gap.
A benefit that's right for these times
High-deductible health plans (HDHPs) and health savings accounts are becoming more prevalent every year. HSAs can help employers reduce costs. At the same time, they help employees manage today's qualified health expenses, as well as prepare for the substantial out-of-pocket medical costs they'll face in retirement.
A unique approach to HSA design
The Fidelity HSA combines tax-advantaged saving, account management, investment flexibility, and guidance. Everything is available to you with a single data feed — and to your employees with a single sign-on.
A true savings and investment opportunity
The Fidelity HSA provides a unique tax-advantaged savings opportunity to help cover qualified health expenses in retirement. Employees get access to a wide range of investment options, with complimentary research and financial guidance.
Call 866.418.5173 or contact us to discuss Fidelity's HSA and find a solution that works best for your company or learn more online first.
1 Fidelity recordkeeping data. Reflects 401(k) mean account balance for 65- to 69-year-old participants as of 3/31/10.
2 Fidelity Consulting, 2010. Assumes no employer-provided retiree health care coverage, and life expectancies of 17 years for men and 20 years for women.
The information provided above 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're strongly encouraged to consult your tax advisor before opening an HSA. You are also encouraged to review taxpayer information available from the Internal Revenue Service (IRS), which can be found on the IRS Web site at www.IRS.gov. You can find IRS Publication 969, Health Savings Accounts and Other Tax-Favored Health Plans, and IRS Publication 502, Medical and Dental Expenses (including the Health Coverage Tax Credit), online, or you can call the IRS at 800.829.3676 to request a copy of each.
Health Savings Accounts are best for organizations that have at least 500 HSA participants.
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