How to Set Up Fidelity HSA: A Step-by-Step Guide

Setting up a Fidelity HSA is a straightforward process that can help you save for your healthcare expenses tax-free. Follow these step-by-step instructions to get started:

1. Visit the Fidelity website and select the HSA option.
2. Click on 'Open an HSA' and begin the application process.
3. Provide your personal details, including your name, address, social security number, and employment information.
4. Designate your beneficiary who will receive the funds in case of your demise.
5. Choose your investment options based on your risk tolerance and financial goals.
6. Fund your HSA account through contributions from your paycheck or manual deposits.
7. Start using your HSA funds to pay for qualified medical expenses.

Creating a Fidelity HSA is an excellent way to save for unexpected healthcare expenses while enjoying tax advantages. Follow these easy steps to set up your account today!

1. Begin by visiting the official Fidelity website and choosing the option for Health Savings Accounts (HSAs).
2. Once on the HSA page, click 'Open an HSA' to initiate the application process and be ready to take charge of your healthcare expenditures.
3. Fill in your personal information, including essential details like your name, address, Social Security number, and employment details.
4. Don't forget to designate a beneficiary—this is crucial for ensuring that your assets are securely passed on if something happens.
5. Next, select your investment preferences that align with your financial aspirations and risk appetite; Fidelity offers various investment avenues to suit your needs.
6. Fund your HSA account either through automatic payroll deductions or one-time deposits, making it simple to grow your savings over time.
7. Finally, use your HSA funds wisely to cover eligible medical expenses like prescriptions, doctor visits, and preventive care. Enjoy the peace of mind that comes with being financially prepared!