A Health Savings Account (HSA) is a tax-advantaged savings account that lets you use pretax dollars to pay for eligible health care expenses. Adobe offers an HSA with the Aetna medical plans to help you save for your current and future health care needs.
No federal tax on:
- Contributions
- Interest and investment earnings
- Withdrawals for qualified health expenses
No use-it-or-lose-it
Your unused HSA funds roll over year to year
You own the money
You can take it with you if you change medical plans, retire, or leave Adobe
How it works
Adobe’s HSAs are administered by HealthEquity (or SSO).
To enroll in an HSA, you must first elect an HSA-compatible medical plan: the Aetna HealthSave, HealthSave Basic, or Out of Area HealthSave plan.
If you enroll in the Aetna HealthSave or the Out of Area HealthSave plan, you will be enrolled automatically in an HSA, and Adobe will contribute to your account. You just need to activate the account after you receive your HSA card.
If you enroll in the Aetna HealthSave Basic plan, you can open an HSA by electing to make your own HSA payroll contributions. However, Adobe will not contribute to your HSA.
Refer to IRS Publication 969 to learn more about HSAs.
Eligibility
To be eligible, you must meet the IRS requirements:
- You must be covered under a high-deductible health plan (HDHP).
- If you are covered by another medical plan, that plan must also be an HDHP.
- You can’t be enrolled in Medicare or TRICARE.
- Your spouse can’t have a separate plan with a Health Care FSA.
- You can’t be claimed as a dependent on someone else’s tax return.
Be sure to confirm you are eligible for an HSA before enrolling in the Aetna HealthSave or the Out of Area HealthSave medical plan. (If you’re enrolled in Medicare or TRICARE, you can enroll in these plans without an HSA.)
If you are not eligible for an HSA, you should not make HSA contributions nor receive Adobe contributions.
HSA contributions
Depending on your medical plan, you and Adobe can contribute to your HSA, up to IRS limits.
Your contributions
Adobe’s contribution
Contribution limits
Changing your contributions
Eligible expenses
You can use your HSA to pay for your share of qualified health care expenses that aren’t fully covered by insurance for yourself, your spouse, and your tax dependents.
Eligible expenses include:
- Deductibles
- Coinsurance
- Prescription drug costs
- Dental and vision expenses
Go to the HealthEquity website for more examples.
The IRS has rules for spouses and dependents that are different from the eligibility rules for medical plan coverage. For example, you can cover an adult child up to age 26 and a domestic partner in your medical plan, but you cannot use your HSA for their expenses if they are not your tax dependents. Consult your tax advisor, or refer to the section Whose Medical Expenses Can You Include in IRS publication 502.
Using your HSA
You have three options to access your HSA:
- Pay doctors, pharmacies, and other providers directly, using your HealthEquity HSA Visa card.
- Pay online through HealthEquity (or SSO). Go to Claims & Payments, and select View Claims to see a list of claims ready to be paid, then click Resolve to see payment options.
- Pay from your personal bank account, and reimburse yourself later through HealthEquity (or SSO).
Investing your HSA balance
You can use your HSA funds to pay for current medical expenses, or you can save the money for the future—and you can invest the money once your balance reaches $1,000. There is no federal tax on HSA investment earnings.
Check out the HealthEquity investment guide [PDF] for an overview of how to invest your HSA funds. Log in to HealthEquity (or SSO) to review the investment lineup and make investment elections.
As a bonus, Adobe pays the fee for access to these web-based advisory services offered by HealthEquity:
- GPS: Guidance provided for fund management and implemented at the direction of the account holder
- Autopilot: Full-service fund management based on personal risk profile