Health Savings Account

Whether you enroll 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 HSA funds to pay for qualified medical, dental, vision, and other healthcare expenses for yourself and your dependents or save your balance for retirement. 

Is the NVIDIA HSA, NVIDIA HSA Plus, or Kaiser HSA Right for you? Use this tool to Compare Plan Features and Costs.  

Important note: if you’re claimed as a dependent on someone else's tax return, neither you–nor NVIDIA–can contribute to an HSA. 

Let’s see what it’s all about: 

• Watch and Learn About HSAs 
• How You Benefit 
• How It Works 
• Frequently Asked Questions 

• 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. 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.
• 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 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 your contributions.* 
  2. Your balance earns interest 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. 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. 

* Applies to federal taxes only. Alabama, California, and New Jersey impose state taxes on HSA funds.

You can contribute up to the IRS maximums each year. The current limits are:

If you’re age 55 or older, you can contribute an additional $1,000 in catch-up contributions. 

You can make contributions through paycheck deductions. Just set the amount when you make your Open Enrollment elections and make updates at any time throughout the year. Paycheck contributions can be scheduled as a set amount each paycheck or set according to a custom contribution schedule.  

You can make changes by visiting the U.S. Benefits Enrollment Site > Change my HSA Contribution. Your maximum allowable contribution on the tool will be offset by NVIDIA’s contribution. 

You can also make after-tax contributions into your HSA on the Fidelity website.

Use HSA funds to pay for qualified medical, dental, vision and other healthcare expenses for yourself and your dependents.  

A full list of eligible expenses is maintained in IRS Publication 502.

After you open your account, you’ll receive more information from Fidelity about how to pay for qualified expenses using your HSA.  

In the meantime, here’s an 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.