2025 Medical Plans: When you enroll in the Choice HSA Plan or Kaiser HMO with HSA, you can open a Health Savings Account (HSA) with Fidelity which is funded by you. An HSA is a tax-free savings account* that works with a qualified health plan to help you pay your plan deductible and qualified out-of-pocket healthcare expenses. Refer to IRS Publication 502 for a complete list of eligible expenses.
It’s flexible. Use the money now to pay for eligible medical expenses. Or, save it for your future health care needs and let the balance grow.
There’s no “use it or lose it rule.” An HSA has no “use it or lose it” feature like the Health Care Flexible Spending Account, so your account balance rolls over each year.
The money is yours to keep—forever. That’s right. You can take your HSA with you if you leave Ensign or when you retire.
When you elect the Choice HSA Plan or Kaiser HMO with HSA, you are also eligible to elect a Health Savings Account. There are a few restrictions that apply to HSAs:
- You are not covered by other health insurance
- You are not enrolled in Medicare Part A or B
- You are not listed as a dependent on someone else’s tax return
- You cannot participate in Ensign’s Health Care Flexible Spending Account (FSA)
- Your spouse cannot be enrolled in a Health Care Flexible Spending Account through his or her employer.
In 2025, the HSA limit is increasing to $4,300 for employee-only and $8,550 for family. If you are age 55 or older in 2025, you can contribute an additional $1,000 into your HSA.
If you have a Health Savings Account administered by Fidelity but you are not enrolled in an Ensign medical plan with an HSA or you terminate employment, the following HSA administration fees apply:
Account balance over $2,500
- Coming soon
Account balance under $2,500
- Coming soon
Yes. The money in your HSA can be used to pay for eligible health care expenses of any family member who qualifies as a dependent on your income tax returns.
You own your HSA and it stays with you when your employment ends. If you take a new job at another company or retire but do not have coverage under an HSA-eligible medical plan, you can still use your HSA to pay for qualified medical expenses. Keep in mind, IRS rules do not allow you to deposit money into the HSA and receive tax benefits if you are not currently enrolled in an HSA-eligible medical plan.
Fidelity offers full brokerage services for investing your HSA contributions.
Opening Your Fidelity HSA
Follow these steps to open your Fidelity HSA:
- Watch for an email (or postcard mailed to your home if you don’t have an email address on file in Workday) from Fidelity with information on how to open your new Fidelity HSA.
- After you receive the email or postcard from Fidelity, log in to netbenefits.com (the same website used for our 401(k)). If you don’t have a netbenefits.com account setup already, you will be prompted to create an account.
- Once you are logged in to the Fidelity website, click on the link to Open Your HSA. If you have questions, call Fidelity at 800-835-5095.
NOTE: You must open your HSA online through netbenefits.com. You cannot open your HSA over the phone. Open your HSA by January 1, 2025 to ensure your account can receive your first January, 2025 contribution.
Do You Have a Personal HSA?
