Health Savings Account

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.

• Watch and Learn about HSAs
• How You Benefit
• How It Works
• Who Is the Right Fit for an HSA
• Frequently Asked Questions

• Video: Getting started with your new HSA
• Video: How to use the HSA
• Video: HSA eligible expenses and ways to pay them
• Video: Tips to save money on health care costs
• Video: How to make the most of your HSA
• On Demand Web Workshop: Discover the Potential of Your HSA

• Our contribution. NVIDIA will contribute up to $3,000 to your account, depending on the plan you choose, how many people you cover, and your start date [PDF]. This amount is distributed in a lump sum in January each year. New hires will receive a prorated lump sum in the month following their hire date. You must also be an active employee on the day the company contribution is funded
• No use-it-or-lose-it. Unlike a Flexible Spending Account, which you must spend before the annual deadline, your HSA balance rolls over each year and can keep growing
• It’s flexible. Spend your HSA on current health expenses, or let your balance grow and save your funds for when you need them—even in retirement
• Triple tax advantages. This means:
  • 1. You don’t pay federal taxes on the money you save*
  • 2. Your balance earns interest—also tax-free
  • 3. You don’t pay taxes on the money you withdraw, as long as it’s used for qualified healthcare expenses
• Investment opportunities. Once your HSA balance reaches a certain amount, you can invest your funds to make them grow faster. After you open your account, you can learn more about the investment options from Fidelity
• It’s always yours. Your entire HSA balance and any contributions—yours and NVIDIA’s—are yours to keep forever, even if you leave NVIDIA or retire

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:

• Individual coverage: $3,850
• Family coverage: $7,750

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:

• Deductibles
• Coinsurance
• Prescription drugs
• Alternative medicine, including acupuncture and chiropractic services

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:

1. After your HSA account is opened with Fidelity, you’ll receive an HSA debit card from Fidelity that you can use to pay for qualified health expenses (you'll need to have funds in your account to cover expenses). It’s the most convenient way to pay. You can use it at any doctor’s office, pharmacy, or other provider that takes debit cards.
2. You can also use Fidelity BillPay®, which lets you make online payments. If your provider offers electronic billing, you can link them to Fidelity BillPay and receive an email notification when your bill is ready to view on the Fidelity website.
3. Your third option is to request checks from your HSA and pay expenses with them.

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:

• Use their plan mainly for routine care and prescriptions
• Aren’t managing a chronic or recurring condition
• Can easily cover the deductible if a major medical event occurs

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?

Yes: Enroll.

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.