Health Savings Account

Key Features of a Health Savings Account (HSA)

What is an HSA?

An HSA is a bank account that allows you to save money, pre-tax, to pay for qualified healthcare expenses. With an HSA, the money is yours to keep, unused amounts roll over from year to year and can be used on eligible healthcare expenses even after you leave the company.

Don’t have an account? Signing up is a snap! Just choose the HSA option when electing medical coverage as a new hire, during a qualified life event or annual open enrollment.

Your Health Savings Account is managed by Fidelity. Learn more at netbenefits.com/newellbrands.

Who can contribute?

To be an eligible individual and qualify for an HSA contribution, you must meet the following requirements: 

• You are covered under a high-deductible health plan (HDHP) on the first day of the month in which contributions begin.

• You have no other health coverage aside from a Newell Brands Medical Plan.

• You aren’t enrolled in Medicare.

• You can’t be claimed as a dependent on someone else’s tax return.

2025 Contribution Limits

Newell Brands gives every employee who enrolls in the Consumer or Consumer Plus medical plans an employer contribution into his or her HSA. This lump sum contribution is deposited in January of every year. New Hire employer contributions will be prorated based on the entry date into the plan.

2025 HSA Contribution Chart

*If you will be age 55 or older at any point during 2025, you can contribute an additional $1,000.