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Eligibility

Health Savings Account (HSA)

When you enroll in the Saver Plan with HSA, you gain access to a Health Savings Account — a tax-advantaged account designed to help you save and pay for eligible health care expenses, both now and in the future.

Maximize Your HSA Advantage

Learn how to make the most out of your HSA with Fidelity.

 

How it Works

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.
  • Use your HSA as an account for future health care costs.
    • Funds you don’t use now can be saved and invested for medical expenses in retirement.

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 or Surest plan, or leave ZOLL for any reason, 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.

HSA CONTRIBUTIONS
  • Your contribution from payroll is pre-tax monies.
  • ZOLL contributes to your account too!
  • Annual total contributions (yours + ZOLL) cannot exceed the IRS contribution maximum:
    • When determining your annual contribution, remember to include any contributions you or your prior employer made in the current year as these will count towards the annual IRS maximum.
    • Any contributions over the IRS maximum will need to be reported as income on your tax return.
  • You can increase, decrease or stop your contributions at any time throughout the year.
2025 Health Savings Account Annual Limits
Coverage Level ZOLL Contribution Employee Contribution Maximum Combined Contribution Maximum
Employee $650 $3,650 $4,300
Family $1,300 $7,250 $8,550
Over 55 You can contribute an additional $1,000

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.

If, due to a qualifying life event, you change your Saver Plan with HSA coverage up or down, ZOLL will not reduce the ZOLL contribution nor will we increase the ZOLL contribution.

Please note that ZOLL does not contribute if your first eligibility date is in December.

Enrollment Level 2025 Annual Contribution Limit
Employee Only $4,300 (plus $1,000 catchup 55 years+)
Employee + 1 $8,550 (plus $1,000 catchup 55 years+)
Family $8,550 (plus $1,000 catchup 55 years+)

Watch the video to learn more about HSAs.

Save and Invest your HSA for the Future

If you don’t spend all the money in your HSA this year, you can invest it so it can potentially grow for the future — even into retirement. Over time, what you don’t use could really add up.

  • There is no minimum to invest your HSA savings
    • Choose your cash target, the amount kept on hand for medical expenses, invest the rest. Earnings on your savings are not taxed.
  • Review your investing options on Netbenefits.com.
  • Set up automatic Investing for your future payroll contributions into the fund of your choice.
  • Ready to get started? Call a Fidelity HSA service specialist at 1-800-544-3716 or log into your NetBenefits account and learn more.
USING YOUR HSA AND LIMITED PURPOSE FSA

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.
  • Alternatively, you can pay out of pocket and reimburse yourself later
    • Be sure your receipt has the provider name, date of service and that the charges are itemized. Receipts without sufficient details will be denied reimbursement until proper details are supplied. Reimbursements are submitted through Netbenefits.com.
MEDICARE AND HSAs

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.

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