How to Use Fidelity HSA for Health Savings: A Guide for Beginners

Health Savings Accounts (HSAs) offer a tax-advantaged way to save for medical expenses, and Fidelity HSA is one of the popular options available. If you're new to using Fidelity HSA or considering opening one, here's a comprehensive guide on how to make the most of it.

Opening an Account:

• Visit the Fidelity website or contact their customer service to open an HSA account.
• Provide necessary personal information and funding details for your account.

Contributions:

• You or your employer can contribute to your Fidelity HSA up to the annual limits set by the IRS.
• Consider setting up automatic contributions for ease of saving.

Using Your Fidelity HSA:

• Keep track of your expenses and save receipts for qualified medical purchases.
• Use your Fidelity HSA debit card or reimburse yourself for eligible expenses.

Investing Your HSA Funds:

• Fidelity offers investment options for your HSA funds to help them grow over time.
• Understand the investment choices and risks before investing.

By following these steps and understanding how to use your Fidelity HSA efficiently, you can make the most of this healthcare savings account for your medical needs.

Health Savings Accounts (HSAs) are not just a tool for saving but also a smart way to prepare for future healthcare expenses without worrying about taxes. With Fidelity HSA, you're choosing a platform that simplifies health savings while maximizing your benefits.