A Health Savings Account (HSA) is an account where you can set aside pre-tax dollars to pay for eligible health care expenses now or in the future.
NOTE: Open your Fidelity HSA by December 24, 2024 to take full advantage of the Hasbro HSA company contribution. If you are not actively employed for the entire year, or you don’t open your Fidelity HSA by December 24, 2024, you will receive a prorated portion of the Hasbro HSA company contribution.
*If your annual base salary is less than $50,001, Hasbro will contribute up to $1,000/year for single coverage and up to $2,000/year for family coverage.
**The family level includes all coverage outside of single coverage.
Eligible health care expenses: Includes medical, dental and vision expenses approved by the Internal Revenue Service (IRS) to be paid by your HSA, such as deductibles, coinsurance and prescription charges.
HSA qualified dependents: Generally, legal spouses and children (up to age 19, or 23 if full-time students) are considered qualified dependents for HSA purposes. You may not use HSA funds to pay for your domestic partner’s or his/her children’s medical expenses unless they are deemed your tax dependents.
It’s tax-free! Contributions (yours and Hasbro’s) made to your Fidelity HSA by payroll deduction are not subject to federal and most state income taxes, as well as Social Security (FICA) and Medicare taxes.
It’s flexible! You can add, stop or change your HSA contribution at any time during the year. Plus, you don’t need to make contributions to receive the Hasbro annual contribution.
It rolls over year after year! Your unused HSA balance rolls over each year. Spend your health care dollars wisely and save any unused money for future qualified health care expenses.
It’s under your control! You can keep your money in the core account, where it will earn interest, or you can move some of your dollars to other available investment options (subject to fund rules), including minimum investment amounts.
It’s portable! Take your HSA dollars with you when you leave Hasbro.
NOTE: Hasbro pays the account management fee for your Fidelity HSA while you’re an active employee and are enrolled in one of the HealthSaver plans.
You must be enrolled in a HealthSaver plan, and you cannot be:
IMPORTANT: If you enroll in the HealthSaver Plus Plan, IRS limits include Hasbro’s contribution. It’s your responsibility to make sure you don’t exceed this amount.
Hasbro’s HSA company contribution is deposited in January or as soon as administratively possible after you open your Fidelity HSA.
Make changes to your HSA annual contribution amount by going to HasbroBenefitsolver and selecting “Change My Benefits.”
Yes. During Annual Open Enrollment, you need to elect and recertify that you are eligible to receive Hasbro’s HSA company contribution even if you don’t contribute any of your own money.
Here are a few tips to remember when using your HSA to pay for qualified health care expenses:
NOTE: When you use your HSA funds for qualified health care expenses, they remain tax-free. You cannot use your HSA for expenses incurred before you opened your HSA.
Your Fidelity HSA is a single account that allows you to manage a portion of your savings in a core position to pay for eligible health care expenses and invest the rest for future qualified health care expenses. You can start investing at any time by making a one-time trade or setting up automatic investing for future contributions. There may be funds that require a minimum amount to invest, but Fidelity does not require a minimum to start investing. Contact Fidelity Investments for complete details.
Ted is single and just joined Hasbro. He’s chosen the HealthSaver Plus Plan so he can set aside money for future health care expenses.
What steps should Ted take to make the most of his HSA?
If you enroll in the HealthSaver Plus Plan and open a Fidelity HSA, Hasbro’s company contribution will offset your deductible cost!
HealthSaver Plus Plan deductible:
$1,650 single
$3,300 family
Less Hasbro’s contribution*:
($500) single
($1,000) family
Your annual net deductible:
$1,150 single
$2,300 family
*If your annual base salary is less than $50,001, Hasbro will contribute up to $1,000/year for single coverage and up to $2,000/year for family coverage.
View a complete list of eligible HSA expenses
and note HSA contribution limits
Visit the HasbroBenefitsolver Reference Center to see the HSA Summary and HSA Reference Guide.