Health Savings Account

If you enroll in the Aetna HDHP, you are eligible to open a Fidelity Health Savings Account (HSA). An HSA can help you pay for eligible health care expenses such as medical, dental, vision care, and prescription drugs. And if you aren’t in the HDHP, but are interested in a similar account to save $$ for certain expenses, click here to learn about FSAs.

What’s in It for Me?

• Lucid contributes free $$$ to your HSA! See the chart below for contributions. Lucid’s contributions are spread out throughout the year and prorated based on date of hire. Be sure to open your HSA within 90 days of your hire date to avoid issues with receiving Lucid’s contribution.
• You can set aside pre-tax money from your paycheck to help pay for additional out-of-pocket health care expenses. HSAs give you a triple tax advantage:
  • Your contributions to the HSA are not taxed*
  • Payment of qualified expenses is tax-free
  • Earnings are tax-free*
• The HSA is an individual account you own! The entire balance is yours to keep. If you leave the company, the account goes with you.
• You can make changes to your HSA contributions at any time. Unused funds always roll over to the next plan year.
• You have the freedom to control and manage your healthcare spending and savings to grow your balance for future qualified medical expenses, such as those in retirement.
• Invest some of your HSA for the future. Investment earnings on your HSA grow tax-free, which provides a great way to pay for future qualified medical expenses—including those in retirement.

How Much Can I Contribute?

2025 contributions cannot exceed the annual IRS maximums shown here.

What Can I Use My HSA Dollars For?

• Doctor’s office visits
• Prescriptions
• Dental and orthodontia
• Eye exams and glasses
• Mental health services
• Chiropractic treatments
• Medical equipment (like crutches or wheelchairs)
• Certain over-the-counter medications
• Long-term care services

Find the full list of eligible expenses in IRS Publication 502.

Make a Note 

• You must be enrolled in the Aetna HDHP.
• You cannot be covered under another non-qualified health plan, including your spouse’s Health Care Flexible Spending Account.
• You cannot be enrolled in Medicare or Tricare.
• You cannot be claimed as a dependent on someone else’s tax return.

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