Health Savings Account (HSA)

My Money

Health Savings Account (HSA)

Eligibility: Full-time associates enrolled in the HSA High Deductible Healthcare Plan

Provider: Health Equity

Enroll: https://ultabenefits.bswift.com/

Save tax-free money for medical expenses.

With a Health Savings Account (HSA), associates enrolled in the HSA medical plan can use pre-tax dollars to pay for qualified medical expenses for you and your family.

Ulta will “seed” your HSA with an annual amount of $500 for associate only coverage and $1,000 if you are covering dependents. Ulta’s contributions are deposited into your account on a quarterly basis. You can elect to contribute $0 to $4,150 annually for associate only coverage and up to $8,300 if you are covering dependents. Your contributions will be deducted from your paycheck and divided among the number of paychecks left in the plan year. (Please note, the plan year runs from 9/1-8/31.)

You will receive a debit card from HealthEquity that will reflect your balance as contributions are deposited, just like a regular savings account. A list of eligible expenses can be found on healthequity.com/hsa-qme.

Your ability to contribute to an HSA is contingent on your election of the HSA Medical Plan. HSAs do not apply to Hawaii medical plans.

Unlike FSAs, HSAs are yours to keep as they roll over each year, every year, even if you change employers, health plans, terminate, or retire. You can also invest your HSA similar to a 401(k).