If you’re enrolled in the NVIDIA HSA, NVIDIA HSA Plus, or Kaiser HSA plan, you can lower your overall medical costs with a Health Savings Account (HSA) [PDF]. It’s a personal savings account to use for healthcare expenses—both now and in the future. Use your account to pay for anything that might be subject to your deductible, such as office visits, lab services, X-rays, and hospital stays.
If you enroll for the first time in the NVIDIA HSA, NVIDIA HSA Plus, or Kaiser HSA medical plan, your Health Savings Account election will be sent to Fidelity** for you. All you need to do is choose a contribution amount (if any), agree to Fidelity’s terms and conditions, and activate your account.
** Fidelity may reach out if there are issues opening your account.
You can contribute up to the IRS maximums each year. The limits are:
If you’re age 55 or older, you can contribute an additional $1,000 in catch-up contributions.
We’ll contribute up to $3,000 into your account.
Note: The amount of contribution is determined by medical plan and coverage tier.
NVIDIA's contribution for the full year is made in late January. You must be actively employed on the day NVIDIA’s contribution is made to be eligible for the company contribution. (New hires will receive a prorated company contribution in the month following their hire date. For example, if your hire date is in January, you’ll receive the contribution in February.)
Use HSA funds to pay for qualified healthcare expenses for yourself and your dependents. Examples include:
A full list of eligible expenses is maintained in IRS Publication 502—Medical and Dental Expenses.
Fidelity is the administrator for our HSA. That means that they pay and process your HSA reimbursements. After you open your account, they’ll send you more information about how to pay for qualified expenses using your HSA. In the meantime, here’s the overview:
If you enroll in the NVIDIA HSA, NVIDIA HSA Plus, or Kaiser HSA plan, the HSA is a perfect partner to help you cover any out-of-pocket costs. Those who will benefit most in those plans:
Q: Do you consider yourself generally healthy?
Yes: Enroll.
No: We’ve got information to help you choose a different plan.
Q: If you had to, would you be able to afford $1,500 to $5,000 in medical expenses for yourself and your family?
No: If you can’t answer yes to one or both questions, the HSA plans may not be the best choice for you.
Following is a short list of some of the most commonly asked questions. For more FAQs, review the HSA FAQ.
First, you must be eligible for an NVIDIA medical plan and be enrolled in either the NVIDIA HSA, NVIDIA HSA Plus, or Kaiser HSA. You are not eligible for the HSA if you:
Yes, at any time.
NVIDIA's contribution for the full year is made in late January. It should appear in your Fidelity account within 3–5 business days from the funding date. New hires will receive a pro-rated contribution in the month following their hire date.
Yours and, generally, those of any family members who meet the IRS definition of a tax dependent.
You have four options:
After you open your HSA, you’ll get more information about your payment options from Fidelity.
You will automatically receive an HSA debit card in approximately two weeks. If not, and you would like to request one, go to Fidelity.com, click the “Customer Service” link, “I want to find a form”, in the filter, select "Health Savings Account", and then “Debit Card Application - Health Savings Account (HSA)” to download the HSA Debit Card Application for yourself or the "Debit Card Application - Health Savings Account (HSA) - For Additional Users" to request an HSA debit card for your spouse or dependent(s).
Yes, but you’ll be taxed on the funds and will also pay a 20% penalty. Once you’re 65, you’ll still be taxed but will not have to pay the penalty.
Yes, you can use the Limited Purpose FSA, but not the Health Care Spending FSA.
They’re yours to keep—forever.
Whether you stay, leave, or retire, the money in your HSA is always yours.
* Applies to federal taxes only. Alabama, California, and New Jersey impose state taxes on HSA funds.
$3,650 for individuals $7,300 for families
If you’re age 55 or older, you can contribute an additional $1,000 in catch-up contributions. Employees do not need to contribute in order to receive the company’s contribution.