Health Savings Account (HSA)

Health Savings Account (HSA)

An HSA allows you to save for eligible medical, prescription drug, dental, and vision expenses, now or in the future, and comes with these triple-tax advantages:*

• Money GOES INTO your account before taxes.

• Money GROWS tax-free.

• Money COMES OUT tax-free when spent on eligible expenses.

Iron Mountain HSAs are administered by Fidelity.

*Tax advantages described here are for federal income tax purposes only. State income tax treatment of contributions and earnings may vary. Check with your tax advisor for more information.

• Eligibility

  You can have an HSA if:

  • You’re enrolled in the Enhanced HDHP or Basic HDHP medical plan

  • You’re not covered under any other health plan that’s not a high-deductible health plan, including Medicare, Veterans Affairs (VA) benefits, or TRICARE

  • None of your eligible health care dependents has a Health Care Flexible Spending Account (FSA)

• How it works

  When you enroll in the Enhanced HDHP or Basic HDHP medical plan, and elect to contribute pre-tax money to an HSA, we’ll automatically open an HSA in your name with Fidelity.

  You own the account — even if you switch plans or leave Iron Mountain — and any unused funds roll over from year to year. (Unlike a Flexible Spending Account, the HSA has no “use it or lose it” rule.)

  Contribute

  If you are enrolled in the Enhanced HDHP, both you and Iron Mountain contribute to your HSA, up to the annual IRS limits. If you elected the Basic HDHP, only you contribute to your HSA. You can change your contribution at any time during the year.

  Iron Mountain's Annual HSA Contribution(Enhanced HDHP only)

  	Salary  Band  1	Salary  Band  2	Salary  Band  3
  Base Salary	< $45,000	$45,000-$70,000	> $70,000
  Coverage Level:
  Single	$600	$400	$200
  Employee + Spouse/DP	$1,200	$800	$400
  Employee + Child(ren)	$1,200	$800	$400
  Family	$1,200	$800	$400

  Pay

  Use your HSA debit card to pay for eligible medical, prescription drug, dental, and vision expenses, or file claims online.^**

  Remember to save any itemized receipts or Explanation of Benefits (EOBs) statements to verify your claims as required by the IRS.

  ^**Generally, you can’t submit expenses for your domestic partner or their dependents.

  Save

  If you enroll in the Health Care Flexible Spending Account (HCFSA) and are electing to participate in an HSA (with the Aetna Enhanced HDHP or Basic HDHP medical plan) for 2025, contributions will be delayed until the first paycheck in April if you still have a balance in your HCFSA as of December 31, 2024. This complies with the IRS guidelines for savings accounts.

  For more information, contact Fidelity.