{"id":3245,"date":"2021-10-24T17:45:39","date_gmt":"2021-10-24T17:45:39","guid":{"rendered":"https:\/\/myaci-benefits.com\/?page_id=3245"},"modified":"2025-02-27T13:06:58","modified_gmt":"2025-02-27T21:06:58","slug":"hsa","status":"publish","type":"page","link":"https:\/\/myaci.altimateqod.com\/us\/taxsavings\/hsa\/","title":{"rendered":"Health Savings Account"},"content":{"rendered":"

If you enroll in the HSA Plan or Kaiser CA HDHP, you can contribute to a Health Savings Account administered by Fidelity.<\/p>\n<\/div>

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An HSA is a tax-advantaged savings account that lets you use pre-tax dollars to pay for eligible healthcare expenses. An HSA has several advantages:<\/p>\n

Tax savings1<\/sup><\/b>: Money you contribute to your HSA goes in tax-free. It comes out tax-free too, as long as you use it to pay for eligible healthcare expenses. You can also invest your HSA funds in mutual funds, stocks, bonds or exchange-traded funds (ETFs), and any earnings from your investment are also tax-free.<\/p>\n

Flexibility<\/b>: It\u2019s up to you how much to contribute and when you want to use the money in your HSA. You can use it to pay for eligible healthcare expenses now or in the future \u2014 including in retirement. Money you don\u2019t spend by year-end stays in your HSA, just like a regular savings account, and continues to build with interest. There\u2019s no \u201cuse it or lose it\u201d rule.<\/p>\n

Ownership<\/b>: Your HSA is yours to keep, even if you later decide to enroll in a medical plan without an HSA or if you leave Albertsons or retire. You can continue to use it to pay healthcare expenses now or in the future. You always own 100% of your HSA.<\/p>\n

1) Contributions are exempt from federal and state income tax and Social Security tax in all states except California and New Jersey, where state income tax applies. Earnings on investments are generally tax-free. Use of HSA funds is tax-free as long you use the account for qualified healthcare expenses \u2014 see IRS Publication 969<\/a><\/b>.<\/p>\n

Review HSA FAQs<\/a><\/strong>.<\/p>\n<\/div>

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HSA eligibility<\/b><\/p>\n

To contribute to an HSA, the IRS requires you to meet certain eligibility criteria:
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