If you enroll in the Aetna HDHP + HSA, you are eligible to open a Fidelity HSA. An HSA can help you pay for eligible health care expenses* such as medical, dental, and vision care, as well as prescription drugs. In addition to offering valuable tax advantages, you pay $0 in monthly premiums!
Note: Enrolled in Aetna HDHP + HSA and want to save even more on taxes? The Limited Purpose and Dependent Care FSAs can benefit you, too!
*For a complete list of eligible expenses, visit IRS Publication 969.
| High Deductible Health Plan (HDHP) | Health Savings Account (HSA) |
|---|---|
|
This is your main health plan. It’s like typical insurance, but with a couple of key differences:
Plan to pay more up front, there are no fixed copays. |
This account helps you cover those higher early costs, until you hit your deductible (and beyond):
Unused funds roll over year after year and earn interest. |
| 1 | Lucid contributes FREE money to your HSA: $1,000/individual and $2,000/family. |
| 2 | Pay $0 in monthly premiums for this plan, even if you’re covering your family. |
| 3 | Enjoy tax savings** on HSA contributions, investment earnings, and withdrawals. |
| 4 | You own the HSA, so your money goes with you if you change jobs or retire. |
| 5 | Unused funds roll over every year; you can spend or save money in your HSA. |
To be eligible for an HSA, you must be enrolled in the Aetna HDHP + HSA, and you may not be covered by a non-qualified health plan, including your spouse’s Health Care Flexible Spending Account (FSA). Additionally, you cannot be claimed as a dependent on another person’s tax return or be enrolled in Medicare or Tricare.
Total HSA contributions (including yours and Lucid’s) cannot exceed the IRS annual limits shown below. Lucid’s contributions are spread throughout the year and prorated based on your hire date. To receive them, be sure to open your HSA within 90 days of your hire. You can also contribute pre-tax money from your paycheck.
| Coverage Type | Lucid HSA Contribution | Maximum Employee Contribution | Maximum Total Contribution | Age 55+ Employee Catch Up Contribution |
|---|---|---|---|---|
| Individual | $1,000 | $3,400 | $4,400 | Additional $1,000 |
| Family | $2,000 | $6,750 | $8,750 |
Find the full list of eligible expenses in IRS Publication 502.
Note: Open your account within 90 days of hire to receive Lucid’s full HSA contribution.
Want more detailed instructions?
Check out THIS LINK
Call Fidelity at 800-544-3716. Support is available 24/7.
Your HSA is yours to keep, even if you leave or are terminated from Lucid.
| The money stays with you. | You can no longer contribute. |
|---|---|
| You own the account and can continue using the funds for eligible health care expenses. | Once you’re no longer enrolled in an HSA-eligible health plan, you cannot add new funds (unless you have other HSA-eligible coverage). |
| You’ll pay monthly maintenance fees. | You can still invest and grow your balance. |
| After termination, you may be responsible for standard account fees. Check with Fidelity for details. | Your funds continue to roll over and earn interest or investment returns. |
Contact Fidelity at 800-544-3716.
What is an HSA?
A Health Savings Account (HSA) is a personal savings account that lets you set aside money—tax-free—to pay for qualified health care expenses, now or in the future.
How much does Lucid contribute to my HSA?
Lucid contributes $1,000 for individual coverage or $2,000 for family coverage each year. Contributions are prorated based on your hire date.
When will I receive Lucid’s contribution?
Contributions are spread out throughout the year and deposited quarterly. You must open your HSA within 90 days of your hire date to receive the full amount.
Can I contribute my own money?
Yes! You can contribute pre-tax dollars from your paycheck up to the annual IRS limit. You’re responsible for making sure all contributions do not exceed the limit.
What can I use my HSA for?
You can use HSA funds to pay for eligible medical, dental, and vision expenses, including copays, prescriptions, and some over-the-counter items. See IRS Publication 969 for a full list.
How do I open my HSA?
Visit NetBenefits.com, click Register as a new user, and follow the steps to open your account. Need help? Call Fidelity at 800-544-3716 (available 24/7).
How do I use my HSA funds?
You can pay for eligible expenses directly with your Optum Bank debit card or pay out of pocket and request reimbursement through your Fidelity NetBenefits account or app. Remember to keep your receipts for tax purposes.
Is there an app I can use?
Yes! Download the Fidelity NetBenefits app to manage your HSA, view your balance, make payments, and more.