Health Savings Account
More than just a savings account, your Health Savings Account (HSA) is a powerful financial tool. Available to employees enrolled in a high-deductible health plan (HDHP), the HSA lets you use pre-tax contributions to cover current or future health care costs — even in retirement.
Understanding Your HSA
The Health Savings Account (HSA) lets you contribute and use tax-free dollars to pay for eligible health care now or in the future.
You can contribute to your HSA and Samsung contributes, too. Your HSA is yours to keep, even if you leave Samsung.
To qualify for an HSA, you must be enrolled in one of these medical plans:
- UHC Base HSA Plan
- UHC Buy-up HSA Plan
Not enrolled in an HSA-eligible medical plan? You can still set aside pre-tax dollars in a Health Care Flexible Spending Account (FSA) to pay eligible health care expenses.
How the HSA works
Use your HSA to pay for care now or save and invest the funds for the future — or use some now and save/invest some for future expenses.
Use your HSA to pay eligible health care expenses, including:
- Deductible, coinsurance and copays
- Prescription drugs
- Dental and vision care
View a full list of eligible HSA expenses.
Save the money and potentially earn even more tax-free money by investing it in:
- Mutual funds
- Individual stocks and bonds
- ETFs and CDs
Contribution limits
You’ll contribute pre-tax dollars to your HSA through payroll deductions. The IRS limits how much can be contributed to your account each year.
For 2026, the limits are:
- $4,400 if you cover just yourself
- $8,750 if you cover yourself and at least one other person
If you’re age 55 or older in 2026, you can contribute an additional $1,000 in catch-up contributions.
Samsung’s contributions count toward the IRS limit. The charts below show how much Samsung contributes and how much you can contribute.
If you cover just yourself
| Medical plan | Samsung’s contribution | Your contribution limit |
|---|---|---|
| UHC Base HSA Plan | $500 ($125 quarterly) |
$3,900 |
| UHC Buy-up HSA Plan | $750 ($187.50 quarterly) |
$3,650 |
If you cover yourself and at least one other person
| Medical plan | Samsung’s contribution | Your contribution limit |
|---|---|---|
| UHC Base HSA Plan | $1,000 ($250 quarterly) |
$7,750 |
| UHC Buy-up HSA Plan | $1,500 ($375 quarterly) |
$7,250 |
Key Features of the HSA
Triple tax advantage
- When you deposit money, it goes in tax free.
- When you invest your money, it can grow tax free.
- When you withdraw your money to pay eligible medical expenses, it comes out tax free.
Once you reach age 65, you can use the money in your HSA however you like, but you’ll pay taxes on the money you spend if you use it for expenses other than eligible health care.
Note: These tax advantages are at the federal level. State tax rules may vary. In California and New Jersey, HSA contributions and earnings are considered taxable income and can’t be deducted from your state tax return.
Investment options
You can invest your HSA money in mutual funds, individual stocks and bonds, ETFs and CDs available through Fidelity. And there’s no required minimum account balance so you can start investing at any time.
Log into your Fidelity account to use the HSA Investment Recommendation tool to get help deciding how to invest your HSA savings.
Your HSA goes where you go
If you change medical plans, retire or leave Samsung for any reason, you can keep your account. Unused funds roll over to the next year.
Have an HSA from a prior employer? You can roll it into this account. Call Fidelity at 1-800-835-5095 to request a rollover form.
Flexibility
You can start, stop or change your HSA contributions anytime during the year at MySamsungBenefits.com. And Samsung contributes to your HSA even if you don’t.
HSA and Flexible Spending Accounts (FSAs)
Under IRS rules, you can’t have an HSA and a Health Care FSA. If you or your covered spouse has a Health Care FSA, you won’t qualify for an HSA until the Health Care FSA is closed.
With an HSA, you can contribute to a Limited Purpose FSA to pay only eligible dental and vision expenses so you can use your HSA funds for medical and prescription drugs, save the funds for the future or invest.
Contact
Fidelity
- netbenefits.com
- Phone: 1-800-544-3716
- Plan#: 3102R
Manage My HSA
Locate in microsite here: https://yoursamsungbenefits.com/financial-health/hsa/