Health Savings Account

The HSA is a personal savings account that comes with the Cigna HSA medical plan to which you can contribute pretax dollars to pay for qualified health care expenses now or later. You can even save the money in your HSA to use for eligible expenses in retirement. Your HSA is administered by MyChoice Accounts (through Benefitsolver).

When you enroll in a Health Savings Account (HSA) Plan, NortonLifeLock contributes $500–$1,500 to your HSA, depending on your level of coverage.

For 2022, save up to $3,650 if you have individual coverage and $7,300 if you cover dependents. Individuals over 55 can also contribute an additional $1,000 catch-up contribution. These limits include both your and NortonLifeLock’s contributions.

With the HSA, you save on taxes three ways. You don’t pay federal taxes on:

The money you and NortonLifeLock contribute to your account
The money your account earns from interest or investments
The money you withdraw to pay for eligible health care expenses

Note: HSA contributions and earnings are not exempt from state income tax in California and New Jersey.

There’s no use-it-or-lose-it requirement with an HSA, so the money’s available whenever you need it. And it’s always yours to keep, even if you leave NortonLifeLock.

You can invest your balance when you have more than $1,000 in your account. Every dollar you invest has the potential to earn more. And any investment earnings are federal tax-free.

Need to access or manage your money?

Visit the Benefitsolver member portal via MyApps, where you’ll find a direct link to the MyChoice Accounts website under the Consumer Accounts section, which allows you to manage your funds.

Questions?

MyChoice Accounts

Website: businessolver.com/mychoice-accounts

Phone: 1-888-907-1335

Review the MyChoice Accounts User Guide (pdf).