New to an HSA? Learn the basics
An HSA is a tax-advantaged account that helps you pay for qualified medical expenses. The funds are yours to keep — whether you retire, change jobs or change health plans.
FedEx contributes a set amount every pay period based on your eligible medical plan enrollment and coverage tier for that year. To ensure you receive the free employer funding provided by FedEx, you need to elect to open your account during the enrollment process.
Tax savings
An HSA provides triple tax savings — contributions are not taxed in most states, account growth through interest and investment earnings are not taxed, and withdrawals for qualified medical expenses are income tax free. It’s a win-win to save on health costs today, tomorrow and even through retirement.
Pay the easier way
Your Optum Financial payment card is a fast, easy way to pay for qualified expenses while skipping the paperwork. From doctor visits to everyday care like cold medicine, just use your HSA card and you're all set. Plus, you’ll save up to 30% because you’re using pretax dollars.*
Invest your funds
Save on care today and for the future
An HSA is like a 401(k) for health care — a tax-advantaged account that you can use for qualified medical expenses today or save for the future, including retiree health expenses and post 65 retiree insurance premiums.
Your HSA also includes investment options that can help you grow your balance for the future.
Fund your HSA
Boost your balance
Contributing to your HSA is hassle-free and tax-free. Plus, it’s always on your terms, giving you a health expense cushion when you need it.
Frequently asked questions
FedEx-specific FAQ
Get answers to the most frequently asked questions by FedEx employees.
Frequently asked questions about your HSA
If you’ve got a new HSA, browse our new account holder checklist to get off to a good start.
You can also visit FedEx's resource library for videos and other educational materials to help you make the most of your HSA.
To be eligible for an HSA, you must meet the following requirements, as defined by the IRS:
- You must be covered under a qualifying high-deductible health plan (HDHP) on the first day of the month.
- You have no other health coverage except what is permitted by the IRS.
- You can’t be claimed as a dependent on someone else’s tax return.
- You are not enrolled in Medicare, TRICARE or TRICARE for Life.
- You haven’t received Veterans Affairs (VA) benefits within the past 3 months, except for preventive care. If you have a disability rating from the VA, this exclusion doesn’t apply.
- You or your covered spouse are not enrolled in a general-purpose HRA or general-purpose FSA through another employer.
Other restrictions and exceptions may also apply. We recommend that you consult a tax, legal or financial advisor to discuss your personal circumstances.
There are 3 ways to make a contribution to your HSA.
Pretax payroll deductions
If your employer offers payroll deductions, you can contribute a fixed amount every pay period. Funds are deducted automatically on a pretax basis.
Employer contributions
FedEx contributes a set amount every pay period based on your eligible medical plan enrollment and coverage tier for that year.
Individual contributions
You can also make post-tax contributions to your HSA by contributing funds from a bank account or another source.
Just remember that the IRS sets a limit on how much you can contribute to your HSA every year. This includes any contributions made by your employer, so make sure the amount you add does not exceed that limit.
The IRS sets guidelines for how much you can contribute to an HSA each year.
2025 limits:
An individual can contribute up to $4,300 (increase of $150 from 2024) for the year.
An individual with family coverage can contribute up to $8,550 (increase of $250 from 2024) for the year.
If you are age 55 or older, you can contribute an additional catch-up contribution of $1,000 per year. If your spouse is also 55 or older, they may establish a separate HSA and make a catch-up contribution to that account.
Sign in to your account today and check your contribution limit.
To learn more about the annual HSA contribution limits, visit our HSA contribution limits page.
No. You can keep your account, and the money in it remains yours, no matter what, even if you change jobs or move off a qualifying high-deductible health plan.
No. You can open and contribute to an HSA at age 65 or later as long as you meet HSA eligibility requirements, which are:
- You’re covered on an HSA-qualified medical plan.
- You’re not someone else’s tax dependent.
- You don’t have any conflicting coverage (including enrollment in Medicare). Turning age 65 does not, in and of itself, preclude you from remaining HSA-eligible absent any disqualifying coverage.
You currently have investment options in your HSA which include self-directed mutual funds.
You may choose from among a number of preselected mutual funds from nationally recognized fund families. These have been selected to offer a broad and diverse range of investment objectives, with high Morningstar ratings and some of the lowest expense ratios in the industry.
We’re here to help
Whether you’ve just opened your HSA or you’re preparing to retire, our resources make it easy to save, pay and invest your HSA dollars.
Video
What is an HSA?
Watch this video to learn about the advantages and the purpose of an HSA and how it works.
Transfer your HSA
It’s easy to combine your HSA funds into one account.
How to use your HSA
Learn how to make deposits to and withdrawals from your HSA.
HSA contribution limits
Take advantage of your HSA’s tax benefits by contributing the maximum.
*Savings compares using pretax income in your HSA to using after-tax income for purchases and assumes a 30% combined tax rate from all applicable federal, state and FICA taxes. Results and amount will vary depending on your circumstances.
The employee benefits are governed by formal plan documents and, in the event of any conflict between this announcement and the applicable plan document, the formal plan document will control. This announcement does not alter any plans or related agreements. FedEx reserves the right to amend or terminate any of its employee benefit plans, in whole or in part, at any time and for any reason.