How to Open a Fidelity HSA Individual Account

Check eligibility on the go — browse 7,000+ HSA-eligible products in the free app.

Steps to open a Fidelity HSA

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:

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

Setting up your HSA and using funds

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:

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