Highlights
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 or the HealthSave Basic plan.
If you enroll in the Aetna 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.
The ABCs of HSAs
What do acne meds, Band-Aids, and calcium chews have in common? They’re all covered by your HSA.
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 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
Your contributions
When you enroll, you choose how much of your pay you want to put in your HSA.
You have two options for your deductions: an equal amount each pay period or various amounts chosen by you on specific payroll dates.
Adobe’s contribution
Adobe’s contribution
If you are eligible and enrolled in the Aetna HealthSave medical plan, Adobe makes an annual contribution to your HSA, based on who is covered by your medical plan:
- $850 if you cover yourself only
- $1,700 if you cover yourself and one or more other family members
Adobe’s contribution will be prorated if you enroll or change coverage (e.g., from individual to family coverage) during the year.
Contribution limits
Contribution limits
Your contributions and Adobe’s, if any, count toward the annual maximum set by the IRS:
- $4,150 for individual coverage in 2024, and $4,300 in 2025
- $8,300 for family coverage in 2024, and $8,550 in 2025
If you’re age 55 or older, you can contribute an additional $1,000 in catch-up contributions.
Your limit can change if you change medical plans or who is covered by your plan. For sample scenarios, view HSA contribution limits [PDF] and the HealthEquity HSA guidebook [PDF].
Also, note that you won’t be eligible to make or receive HSA contributions once you’re enrolled in Medicare. Refer to Becoming Medicare Eligible.
Changing your contributions
Changing your contributions
You can change your contributions at any time through the Adobe benefits enrollment site, subject to Adobe’s payroll cut-off dates [PDF].
Select Change HSA Contribution, and follow the steps to finalize.
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
Your HSA as a retirement savings vehicle
Your HSA as a retirement savings vehicle
You can think of your HSA as a complement to a traditional 401(k), with no tax on the way out. HSA contributions, interest, and investment earnings grow federal tax-free.
Many people contribute the IRS pretax maximum each year to their 401(k)s. An HSA can be an additional way to maximize your retirement savings. If you choose to pay for your medical expenses without using your HSA funds, your HSA will grow even more.
To make planning easier, you can view your Adobe 401(k) balance on the HealthEquity website, and you can view your Adobe HSA balance on the Vanguard 401(k) website.