Health Savings Account (HSA)

Health Savings Account (HSA)

A Health Savings Account (HSA) allows you to save for a wide range of eligible healthcare expenses, including medical, prescription drug, dental, and vision. It offers three key tax advantages:

• Tax-deductible contributions: Money goes into your account before taxes, which can lower your taxable income.

• Tax-free growth: Your savings grow tax-free.

• Tax-free withdrawals: You can withdraw funds tax-free when you use them for eligible expenses.

Iron Mountain HSAs are administered by Fidelity.

Tax advantages described here are for federal income tax purposes only. State income tax treatment of contributions and earnings may vary. Check with your tax advisor for more information.

• Eligibility

  You are eligible for an HSA if you meet the following criteria:

  • You are enrolled in either the Enhanced HDHP or Basic HDHP medical plan.

  • You are not covered by any other non-high-deductible health plan, such as Medicare, Veterans Affairs (VA) benefits, or TRICARE.

  • None of your eligible healthcare dependents has a Health Care Flexible Spending Account (FSA).

• How it works

  When you enroll in the Enhanced HDHP or Basic HDHP medical plan, and elect to contribute pre-tax money to an HSA, we’ll automatically open an HSA in your name with Fidelity.

  You own the account — even if you switch plans or leave Iron Mountain — and any unused funds roll over from year to year. (Unlike a Flexible Spending Account, the HSA has no “use it or lose it” rule.)

  Contribute

  If you enroll in the Enhanced HDHP, you are eligible for an Iron Mountain contribution to your HSA. This employer contribution is part of the annual IRS limit. If you enroll in the Basic HDHP, only you can contribute to your HSA.

  Annual IRS contribution limits for 2026:
  Single $4,400
  Employee + Dependent/Family $8,750
  Participants ages 55 and older can contribute an additional $1000.00 catch up contribution
  

  Iron Mountain's Annual HSA Contribution(Enhanced HDHP only)

  	Salary  Band  1	Salary  Band  2	Salary  Band  3
  Base Salary	< $45,000	$45,000-$70,000	> $70,000
  Coverage Level:
  Single	$600	$400	$200
  Employee + Spouse/DP	$1,200	$800	$400
  Employee + Child(ren)	$1,200	$800	$400
  Family	$1,200	$800	$400

  Pay

  You can use your HSA debit card to pay for eligible medical, prescription drug, dental, and vision expenses, or you can file claims online. Always remember to save itemized receipts or Explanation of Benefits (EOBs) statements to verify your claims for the IRS. Note: You generally cannot submit expenses for a domestic partner or their dependents.

  Save

  If you enroll in the Health Care Flexible Spending Account (HCFSA) and are electing to participate in an HSA (with the Aetna Enhanced HDHP or Basic HDHP medical plan) for 2026, contributions will be delayed until the first paycheck in April if you still have a balance in your HCFSA as of December 31, 2025. This complies with the IRS guidelines for savings accounts.

For more information, contact Fidelity at 800-544-3716.