Understanding How Fidelity HSA Works

When it comes to managing your healthcare expenses, a Health Savings Account (HSA) can be a valuable tool. Fidelity HSA is one of the popular options available to help individuals save for medical costs tax-free. So, how does Fidelity HSA work exactly?

When you open a Fidelity HSA, you can:

• Contribute money to your account, which is tax-deductible
• Use the funds to pay for qualified medical expenses
• Invest the money in different financial instruments to grow your savings

Here are some key points to remember about Fidelity HSA:

• No minimum balance requirement
• No fees for investing your HSA funds
• Access to a wide range of investment options
• 24/7 customer support for any questions or assistance

By understanding how Fidelity HSA works, you can take full advantage of the benefits it offers and efficiently manage your healthcare costs.

A Health Savings Account (HSA) can play a crucial role in managing both unexpected and planned medical expenses, and Fidelity HSA is an option that stands out due to its flexibility. When you open a Fidelity HSA, you can contribute pre-tax income, enabling you to lower your taxable income for the year.