A health savings account (HSA) is a tax-favored personal savings account which works with your high deductible health plan.
HSA dollars can be used to pay for qualified medical expenses such as deductibles, copays, dental, and vision care. For a complete list of qualified medical expenses visit irs.gov in IRS Publication 502.
Dealer Tire Family of Companies contributes the following, incrementally per pay period:
- Employee only: Up to $500 annually
- Employee and spouse: Up to $1,000 annually
- Employee and child(ren): Up to $1,000 annually
- Family: Up to $1,000 annually
HSA Major Benefits
- Funds always belong to you
- Funds always roll over from year to year
- Lowers your taxable income
- Helps you build a healthcare nest egg for emergencies or retirement
HSA Triple Tax Savings
- Tax deduction when you contribute to your account
- Tax-free earnings through investment
- Tax-free withdrawal for qualified medical expenses
| 2026 HSA Funding Limits | |
|---|---|
| Coverage | Limit |
| Individual Coverage | $4,400 |
| Family Coverage | $8,750 |
| Age 55 or Older | Contribute an additional $1,000 on top of these amounts |
Opening an HSA
We partner with Fidelity to administer our HSA program. Find information about your HSA at netbenefits.com or call 800.544.3716. You will receive a welcome kit in the mail including your new HSA debit card. If you do not receive this, please reach out to Fidelity for further instructions. HSA dollars will be available in your account once deposits have occurred. Employer and employee contributions are pulled each paycheck.
HSA Eligibility
You may open and contribute pre-tax dollars to an HSA under the following circumstances.
- Enrolled in an IRS qualified high deductible health plan (HDHP)
- Not enrolled in a traditional PPO plan through your spouse or other employer sponsored plan options
- Not enrolled in a Government-sponsored program (Medicare, Medicaid, Tricare, etc.)
- Have not received Veterans Affairs (VA) benefits within the last three months (unless receiving benefits for a service-related disability)
- Not claimed as a dependent on someone else’s tax return
- Cannot be enrolled in a Health Care FSA, your spouse also cannot have a Health Care FSA through his/her own employer