| 13 | Health Savings Account (HSA) What are the benefits of establishing a Health Savings Account (HSA)? There are many benefits of establishing an HSA. Some of the top benefits include: › Contributions reduce taxable income, funds grow tax-free and distributions for qualified expenses are not taxed. › UnityPoint Health makes a contribution to your health savings account. › The balance can roll over from year to year. Unlike a flexible spending account (FSA), the HSA is not a “use it or lose it” account. › You can change or update contributions throughout the year. › HSA funds belong to you even if you leave UnityPoint Health, change medical plans, or retire. Receive and Make Contributions to Your HSA › You will need to open an account with Fidelity (instructions below.) This will allow your payroll contributions and the UnityPoint Health contribution to be deposited at Fidelity. › In order to make pre-tax contributions to your HSA, you will need to elect those contributions within the Fidelity website. This will be the only method of making and changing your contributions throughout the year. Opening an account with Fidelity When you’re ready, opening and managing your HSA with Fidelity is fast and easy. You’ll get information on investment choices, payment options, and ongoing support to help you build and manage your savings. For convenience, you can open a Fidelity HSA online. Here’s how it works: › Log into NetBenefits® at NetBenefits.com › From the home page, click “Open” next to Health Savings Account. › If you do not have access to NetBenefits, contact a Fidelity Representative at 1-800-544-3716.