Health Savings Accounts Pairing Your HSA with a Limited Purpose FSA If your employer provides a Limited Purpose Flexible Spending Account (LPFSA), you may consider pairing your HSA with this type of reimbursement account. An LPFSA reimburses eligible dental and vision expenses only, allowing you to use your HSA funds to pay for eligible medical expenses. Participating in both plans allows you to maximize tax savings and tax benefits. Investing Your Funds After your HSA balance reaches $2,500, you can invest additional contributions in a variety of mutual funds. Investing your HSA dollars can help you save for retirement, providing an additional way to reach your goals.* American Fidelity offers an easy-to-use site for managing your HSA investments. You can invest, monitor performance, and change allocations all from your online account. Plus, you’ll have access to helpful resources and investment tools. Features: • An HSA investment account can be paired with a 401(k) to help save for retirement and grow your funds over time. • Investment funds can be added back to the HSA’s available balance and used for eligible medical expenses. • No fees are required to open an investment account. Eligibility Requirements Once you’re covered by a qualified HDHP, you can contribute to an HSA if you: • Are not covered by any non-HSA eligible health plan including a general purpose Healthcare Flexible Spending Account (HCFSA) or a Health Reimbursement Arrangement (HRA). Additionally, if your spouse has a HCFSA that allows reimbursements for your expenses, you may not participate. • Are not enrolled in Medicare or Tricare. If you are over 65 and have not enrolled in Medicare, you can continue to make contributions and use your funds. Once you are enrolled in Medicare or Tricare, you can no longer make contributions but can continue to use your funds. • Are not being claimed as a dependent on someone else’s tax return. If you are no longer covered by a qualified HDHP, you may still use your HSA funds. However, you may not continue to contribute to your account.