How to Open a Fidelity HSA Individual Account

Opening a Fidelity HSA Individual Account is a simple process that can help you save for qualified medical expenses tax-free.

Here are the steps to open a Fidelity HSA Individual Account:

1. Visit the Fidelity website and navigate to the Health Savings Account section.
2. Click on the option to open a new HSA Individual Account.
3. Provide the necessary personal information, including your name, address, and Social Security Number.
4. Choose your investment options based on your risk tolerance and financial goals.
5. Review and accept the terms and conditions of the account agreement.
6. Make an initial contribution to fund your HSA account.
7. Set up automatic contributions to grow your account over time.
8. Once your account is open, you can start using your HSA funds to pay for qualified medical expenses.

Opening a Fidelity HSA Individual Account is a straightforward process that allows you to save tax-free for future medical expenses, potentially reducing your overall health care costs.

Here’s how you can set up your HSA:

1. Begin by visiting the Fidelity website and heading over to the Health Savings Account section.
2. Click to select the option for a new HSA Individual Account.
3. Input your personal details, which will include your name, address, and Social Security Number.
4. Select your investment choices that align with your financial goals and tolerance for risk.
5. Thoroughly review the terms and conditions before accepting the account agreement.
6. Make your initial deposit to activate and fund your HSA.
7. Consider setting up automatic contributions to ensure consistent growth of your account.
8. Once your account is active, you can immediately begin using your HSA funds for eligible medical expenditures like doctor visits or prescriptions.