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:
* Applies to federal taxes only. Alabama, California, and New Jersey impose state taxes on HSA funds.
If you enroll for the first time in the NVIDIA HSA, NVIDIA HSA Plus, or Kaiser HSA medical plan, your Health Savings Account election will be sent to Fidelity** for you. All you need to do is choose a contribution amount (if any), agree to Fidelity’s terms and conditions, and activate your account.
** Fidelity may contact you for clarification on any information needed to complete your account opening.
You can contribute up to the IRS maximums each year. The current limits are:
2025 | |
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Individual coverage | $4,300 |
Family coverage | $8,550 |
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 > Common Actions > 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.
NVIDIA will contribute up to $3,000 into your account. The amount of contribution is determined by medical plan and coverage tier. You can find NVIDIA’s contribution amount here.
NVIDIA's contribution for the full year is made in the second paycheck in January. You must be actively employed on the day the contribution is made to be eligible for the company contribution.
New hires will receive a prorated company contribution in the month following their hire date. For example, if your hire date is in January, you’ll receive the contribution in February.
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:
You can invest some or all of your HSA money for potential tax-free growth. There are no investment minimums to start.
If you decide to use your account to pay for qualified expenses, you may need to sell your investments first so that you have a cash balance to pay for your expenses.
Log into the Fidelity website to learn more about investment options, tools to help you choose a cash balance amount, and additional support.
First, you must be eligible for an NVIDIA medical plan and be enrolled in either the NVIDIA HSA, NVIDIA HSA Plus, or Kaiser HSA. You are not eligible for the HSA if you:
Are enrolled in or covered by a general purpose Flexible Spending Account (versus a Limited Purpose) or full purpose Health Reimbursement Arrangement (HRA) through a spouse’s employer
Yes, at any time.
NVIDIA's contribution for the full year is made in late January. It should appear in your Fidelity account within 3–5 business days from the funding date. New hires will receive a prorated contribution in the month following their hire date. If you experience a life event and are adding a dependent (i.e. newborn) you will receive a prorated contribution the month following the life event effective date.
Yours and, generally, those of any family members who meet the IRS definition of a tax dependent.
You have four options:
After you open your HSA, you’ll get more information about your payment options from Fidelity.
You will automatically receive an HSA debit card in approximately two weeks. If not, and you would like to request one, go to Fidelity.com, click the “Customer Service” link, “I want to find a form”, in the filter, select "Health Savings Account", and then “Debit Card Application - Health Savings Account (HSA)” to download the HSA Debit Card Application for yourself or the "Debit Card Application - Health Savings Account (HSA) - For Additional Users" to request an HSA debit card for your spouse or dependent(s).
Yes, but you’ll be taxed on the funds and will also pay a 20% penalty. Once you’re 65, you’ll still be taxed but will not have to pay the penalty.
Yes, you can use the Limited Purpose FSA, but not the Health Care Spending FSA.
Which plans are eligible? | |
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FSA | Kaiser HMO Cigna PPO Waive health coverage |
HSA | HSA HSA Plus Kaiser HSA |
Holding on to your funds | |
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FSA | Use-it-or-lose-it, per IRS guidelines —That means you must use the money in your account before the stated annual deadline or you will forfeit it. |
HSA | They’re yours to keep—forever. Whether you stay, leave, or retire, the money in your HSA is always yours. |
What This Means for You | Less stress about what to use your money for and more opportunity to save for the future. |
Deciding how much to contribute | |
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FSA | You must make an election each year during open enrollment or during a qualified life event. |
HSA | You can change your contributions at any time to meet your needs. Keep in mind, the company contribution, and any contributions made to an HSA such as; former employer HSA or non payroll contributions direct with HSA provider apply to the annual limit. |
What This Means for You | The HSA provides financial flexibility, while the FSA is a financial commitment. |
Tax advantages | |
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FSA | The money you contribute and spend is pre-tax. |
HSA | The HSA triple tax advantage means:
* Applies to federal taxes only. Alabama, California, and New Jersey impose state taxes on HSA funds. |
What This Means for You | With the HSA, you have the opportunity to earn interest, tax-free, on money you can use also tax-free. |
Contribution limits | |
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FSA | From $120 to $3,300 (limits may vary based on plan year) |
HSA | $4,300 for individuals If you’re age 55 or older, you can contribute an additional $1,000 in catch-up contributions. Employees do not need to contribute in order to receive the company’s contribution. |
What This Means for You | Reduce more of your taxable income with the HSA. |
Employer contributions | |
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FSA | $0 |
HSA | Up to $3,000 per year |
What This Means for You | You’ll receive HSA contributions from NVIDIA to help offset your care and save for the future. |
To learn more, check out HealthEquity’s video, “HSA vs. FSA: Which account is right for me?”