Thermo Fisher HSA | What's Happening

Here is an overview of some of the features that are changing and staying the same. Be sure to visit each tab on this website for important details, including account changes, key dates, actions and FAQs. There will also be call outs about the change in the Open Enrollment communications.


WHAT’S CHANGING?	The following benefit accounts are moving to Fidelity on January 1, 2025: Health Savings Account (HSA) Healthcare Flexible Spending Account (HCFSA) Limited Purpose Flexible Spending Account (LPFSA) Dependent Care Flexible Spending Account (DCFSA) Commuter Benefits Account
Service center phone number and website You can access your HSA, FSA and commuter benefit account information, along with your 401(k) and other Fidelity accounts, through Fidelity NetBenefits^® at www.netbenefits.com or by calling Fidelity at 1-800-TFS-0076 (1-800-837-0076). You can begin contacting Fidelity on the following dates: Health Savings Account: October 14, 2024 Commuter Benefits Account: December 1, 2024 Flexible Spending Accounts: January 1, 2025 If you already have a username and password for another Fidelity account, including the 401(k), use that same login information to access your HSA, FSA and Commuter accounts. Otherwise, select “Register as a new user.” Fidelity also offers an easy-to-use app for your phone or tablet that you can download from the Apple App Store^® or Google Play^TM.
A single debit card for qualified medical and dependent care expenses You will receive a single special-purpose Visa^® card for your HSA, HCFSA, LPFSA and/or DCFSA. It provides an easy, automatic way to pay for qualified medical and dependent care expenses at eligible merchants and service providers that accept Visa debit cards for payment. The eligible amount of the purchase will be deducted – automatically – from the appropriate account based on the type of merchant, expense type and available balance in the account. Note: If you already have a Fidelity HSA, you will continue to use your current debit card.
Debit card for commuter benefit expenses If you enroll in the commuter account at Fidelity, you will no longer receive passes in the mail. You will receive a new commuter account debit card in the mail which will be reloaded each month you make a commuter election. This special-purpose debit card provides an easy, automatic way to pay for eligible transit and parking expenses from one debit card. You can use your card to pay for expenses at eligible merchants and service providers that accept debit cards. This card is different from the debit card you receive for the Health Savings Account and Flexible Savings Accounts, which can only be used for health and dependent care spending accounts. Note: Starting in December, the full amount of your election for the following month will be deducted from one pay period rather than being spread across multiple pay periods.
Investment options Fidelity gives you broad investing options for your HSA, including specific Fidelity HSA^® Funds to Consider. These are professionally selected funds by Fidelity for HSA investing, all with waived investment minimums. Other HSA investing options include single-fund options, such as target date funds and target allocation funds¹, as well as Fidelity’s entire brokerage lineup, which includes mutual funds, ETFs, stocks, bonds, US Treasuries and FDIC-insured CDs. Note: there are no account transaction fees with a Fidelity HSA.² Beginning late November 2024, log on to www.netbenefits.com. From the “Health Savings Account” section on the home page select the “Investing” tab to view the investment options available to you and to make your investment elections for your HSA balance and future contributions.
Money market default fund HSA contributions without an investment election on file are placed in a Fidelity^® Government Cash Reserves account to help you grow your money.
Commuter benefit enrollment Beginning in December, commuter elections will be made on NetBenefits^® at www.netbenefits.com. Elections for January 2025 must be made December 1 – December 10, 2024. Note: There will be a blackout period as commuter benefits move to Fidelity. Therefore, there will be no elections in November for December 2024 expenses. However, you can use any remaining balances from Smart-Choice for your December expenses. Your Eden Red (Smart-Choice commuter) card can be used until December 31, 2024.
WHAT’S NOT CHANGING?	HSA company and colleague contributions Thermo Fisher’s company contributions and any elected pretax colleague HSA contributions will continue on the same timeline as before the transition. Note: Your elections from 2024 will not carryover. You must actively enroll in the HSA during Open Enrollment, October 14 ‒ October 25, 2024, in order to contribute and receive the Thermo Fisher company contribution.
FSA eligible expenses and claim submission deadlines FSA eligible expenses and claim submission deadlines will not change due to the transition to Fidelity. Please submit any 2024 claims to Smart-Choice by April 15, 2025. You will submit any claims for the 2025 plan year to Fidelity.
FSA transfer process You do not need to take any action to transfer your carryover funds from your 2024 HCFSA or LPFSA. You only need to make your 2025 flexible spending account elections during Open Enrollment, October 14 ‒ October 25, 2024.

WHAT’S CHANGING?

The following benefit accounts are moving to Fidelity on January 1, 2025:

Health Savings Account (HSA)
Healthcare Flexible Spending Account (HCFSA)
Limited Purpose Flexible Spending Account (LPFSA)
Dependent Care Flexible Spending Account (DCFSA)
Commuter Benefits Account

Service center phone number and website

You can access your HSA, FSA and commuter benefit account information, along with your 401(k) and other Fidelity accounts, through Fidelity NetBenefits^® at www.netbenefits.com or by calling Fidelity at 1-800-TFS-0076 (1-800-837-0076).

You can begin contacting Fidelity on the following dates:

Health Savings Account: October 14, 2024
Commuter Benefits Account: December 1, 2024
Flexible Spending Accounts: January 1, 2025

If you already have a username and password for another Fidelity account, including the 401(k), use that same login information to access your HSA, FSA and Commuter accounts. Otherwise, select “Register as a new user.”

Fidelity also offers an easy-to-use app for your phone or tablet that you can download from the Apple App Store^® or Google Play^TM.

A single debit card for qualified medical and dependent care expenses

You will receive a single special-purpose Visa^® card for your HSA, HCFSA, LPFSA and/or DCFSA. It provides an easy, automatic way to pay for qualified medical and dependent care expenses at eligible merchants and service providers that accept Visa debit cards for payment. The eligible amount of the purchase will be deducted – automatically – from the appropriate account based on the type of merchant, expense type and available balance in the account.

Note: If you already have a Fidelity HSA, you will continue to use your current debit card.

Debit card for commuter benefit expenses

If you enroll in the commuter account at Fidelity, you will no longer receive passes in the mail. You will receive a new commuter account debit card in the mail which will be reloaded each month you make a commuter election. This special-purpose debit card provides an easy, automatic way to pay for eligible transit and parking expenses from one debit card. You can use your card to pay for expenses at eligible merchants and service providers that accept debit cards. This card is different from the debit card you receive for the Health Savings Account and Flexible Savings Accounts, which can only be used for health and dependent care spending accounts.

Note: Starting in December, the full amount of your election for the following month will be deducted from one pay period rather than being spread across multiple pay periods.

Investment options

Fidelity gives you broad investing options for your HSA, including specific Fidelity HSA^® Funds to Consider. These are professionally selected funds by Fidelity for HSA investing, all with waived investment minimums. Other HSA investing options include single-fund options, such as target date funds and target allocation funds¹, as well as Fidelity’s entire brokerage lineup, which includes mutual funds, ETFs, stocks, bonds, US Treasuries and FDIC-insured CDs. Note: there are no account transaction fees with a Fidelity HSA.²

Beginning late November 2024, log on to www.netbenefits.com. From the “Health Savings Account” section on the home page select the “Investing” tab to view the investment options available to you and to make your investment elections for your HSA balance and future contributions.

Money market default fund

HSA contributions without an investment election on file are placed in a Fidelity^® Government Cash Reserves account to help you grow your money.

Commuter benefit enrollment

Beginning in December, commuter elections will be made on NetBenefits^® at www.netbenefits.com. Elections for January 2025 must be made December 1 – December 10, 2024.

Note: There will be a blackout period as commuter benefits move to Fidelity. Therefore, there will be no elections in November for December 2024 expenses. However, you can use any remaining balances from Smart-Choice for your December expenses.

Your Eden Red (Smart-Choice commuter) card can be used until December 31, 2024.

WHAT’S NOT CHANGING?

HSA company and colleague contributions

Thermo Fisher’s company contributions and any elected pretax colleague HSA contributions will continue on the same timeline as before the transition.

Note: Your elections from 2024 will not carryover. You must actively enroll in the HSA during Open Enrollment, October 14 ‒ October 25, 2024, in order to contribute and receive the Thermo Fisher company contribution.

FSA eligible expenses and claim submission deadlines

FSA eligible expenses and claim submission deadlines will not change due to the transition to Fidelity. Please submit any 2024 claims to Smart-Choice by April 15, 2025. You will submit any claims for the 2025 plan year to Fidelity.

FSA transfer process

You do not need to take any action to transfer your carryover funds from your 2024 HCFSA or LPFSA. You only need to make your 2025 flexible spending account elections during Open Enrollment, October 14 ‒ October 25, 2024.