Health Savings Account (HSA)

What Are the Advantages?

If you enroll in the Choice HSA or Kaiser HMO with HSA plan, you are eligible to open an HSA, administered by Fidelity. An HSA provides a flexible way to manage health care expenses, combining comprehensive coverage with the ability to contribute to an HSA, which can be used to pay for eligible medical costs. Plus, it offers valuable tax benefits!

You’ll pay lower monthly premiums than with most other plans.
Enjoy tax savings on HSA contributions, investment earnings, and withdrawals.¹
You own the HSA, so your money goes with you if you change jobs or retire.
Unused funds roll over every year; you can spend or save money in the HSA.

Two Plans in One

With the Choice HSA or Kaiser HMO with HSA plan, your plan has two parts that work together. It’s a smart combo: the Choice HSA or Kaiser HMO with HSA covers big stuff, and the HSA helps you pay for care before you meet your deductible and save for future expenses.

Choice HSA or Kaiser HMO with HSA	Health Savings Account (HSA)
This is your main health plan. It’s like typical insurance, but with a few key differences: You pay the full cost for care until you reach your deductible. Then, you split costs with the plan (coinsurance). Plan to pay more up front, no fixed copays.	This account helps you cover those higher early costs, until you hit your deductible (and beyond!): Save tax-free money¹ for medical expenses, like doctor’s visits and prescriptions. Your HSA funds help you meet your deductible until plan shares costs. Unused funds roll over and earn interest.

Choice HSA or Kaiser HMO with HSA

Health Savings Account (HSA)

This is your main health plan. It’s like typical insurance, but with a few key differences:

You pay the full cost for care until you reach your deductible.
Then, you split costs with the plan (coinsurance).
Plan to pay more up front, no fixed copays.

This account helps you cover those higher early costs, until you hit your deductible (and beyond!):

Save tax-free money¹ for medical expenses, like doctor’s visits and prescriptions.
Your HSA funds help you meet your deductible until plan shares costs.
Unused funds roll over and earn interest.

How Much Can I Contribute?

You can contribute pre-tax dollars¹ from your paycheck up to the annual IRS maximums to pay for eligible health care expenses. When you enroll in an HSA, you will receive a Fidelity debit card. You can also submit claims online through your own personal account at netbenefits.com.

Coverage Type	Maximum Contribution Limit	Age 55+ Catch-up Contribution
Individual Coverage	$4,400	Additional $1,000
Family Coverage	$8,750	Additional $1,000

What About the Fine Print?

You must be enrolled in a High Deductible Health Plan (HDHP) such as the Personify Choice HSA or Kaiser HMO HSA.
You cannot be covered under another non-qualified health plan, including your spouse’s Health Care Flexible Spending Account as contributions made while ineligible may be subject to IRS penalties and must be corrected.
You cannot be enrolled in Medicare or Tricare.
You cannot be claimed as a dependent on someone else’s tax return.

Questions? Refer to IRS Publication 969 for a complete list of eligible expenses and HSA rules.

¹State taxes may still apply in CA and NJ. For detailed tax implications of an HSA, please contact your professional tax advisor.