When you elect the Saver Plan with HSA, you will also be enrolled in an HSA with Fidelity. To get your savings started on the right foot, ZOLL automatically contributes to your account!

Here’s what you need to know about HSAs:

• HSAs offer a triple tax advantage:
  • Contribute pre-tax money through payroll contributions
  • Pay for eligible health care expenses with tax-free funds
  • Earn interest tax-free by investing the balance
• Funds roll over each year, and the account is always yours, even if you leave ZOLL.
  • This includes the money that ZOLL has contributed too
• You may only use the funds available in your account to pay for eligible expenses.
• Use your HSA debit card or pay out-of-pocket and reimburse yourself from your account.

ZOLL pays the quarterly maintenance fee on the HSA account as long as you are actively enrolled in a HDHP Saver medical plan. If you subsequently change to the PPO plan, you will be responsible for the quarterly maintenance fee.

Contact the Fidelity HSA help line for more information at 1-800-544-3716 or visit HSA resources to learn more.

• You can contribute pre-tax funds to your HSA shown below.
• ZOLL contributes to your account too!
• The combined contribution cannot exceed the IRS contribution maximum.
• You can change or stop your contributions at any time throughout the year.

The total amount that ZOLL contributes to your Health Savings Account is based on the coverage level you are enrolled in as of January 1 of the current plan year. If you are hired after the first of the new year, ZOLL’s contribution is based off of the coverage level you select at the time of your new hire enrollment event. Please note that ZOLL’s contribution is subject to proration based on date of hire for all new mid-year plan enrollments. (There will be no proration in 2024.)

Watch the video to learn more about HSAs.

If you enroll in the Saver Plan with HSA, you may open a Limited Purpose FSA for dental and vision expenses.

When you enroll in the Limited Purpose FSA, the debit card you receive from Fidelity can be used for both accounts!

• When you use the card for eligible dental and vision expenses, the card can automatically detect that it needs to take funds from your LPFSA.
• When you use the card for eligible medical expenses, the card can automatically detect that it needs to take funds from your HSA.
• Your debit card will only take funds from your HSA for qualifying dental and vision expenses if there are no remaining monies in your LPFSA.

If you are enrolled in the Saver Plan with HSA and are approaching Medicare eligibility, it’s important to review all the rules regarding Medicare and Health Savings Accounts. Doctor’s Choice can help you understand the best steps to take. Review Medicare and HSA Whitepaper.