Review the important key dates for the Health Savings Account (HSA), Flexible Spending Accounts (FSA) and Commuter Benefits below to be prepared for the transition to Fidelity.
FSA and Commuter Benefits key dates are at the bottom of this page.
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Health Savings Account (HSA) |
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DATE |
WHAT’S HAPPENING |
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Beginning October 14, 2024 |
For any inquiries regarding your Fidelity HSA®, please reach out to Fidelity through NetBenefits® at www.netbenefits.com or by calling 1-800-TFS-0076 (1-800-837-0076). |
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October 14 ‒ October 25, 2024 |
Visit the MyBenefits site through the Colleague Service Center (CSC). Elect to open your Fidelity HSA and consent to the group transfer during Open Enrollment. Important: You must actively enroll in the HSA during Open Enrollment in order to contribute and receive the Thermo Fisher company contribution. |
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Late November 2024 |
You will receive communications from Fidelity outlining the steps to activate your Fidelity HSA online through NetBenefits® at www.netbenefits.com. These communications will also guide you on how to request additional debit cards, invest your balance and designate beneficiaries. Please note that any current HSA investment elections and beneficiary designations will not transfer from Smart-Choice to Fidelity. If you have not yet opened or activated your Fidelity HSA on www.netbenefits.com and selected your investments for future contributions, please take action promptly. You will be notified by email and/or mail if there are any issues with your HSA. |
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Mid-December 2024 |
Your new debit card is expected to ship to your home address on file. If you also elect a flexible spending account, you’ll use the same debit card for both. |
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January 1, 2025 |
Fidelity will be the new preferred HSA vendor. Your contributions will be deposited into your Fidelity HSA, beginning with your first paycheck received in January 2025. |
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Early January 2025 |
If you elect to open a Fidelity HSA during Open Enrollment, you will receive your Thermo Fisher company contribution. Important: If you elect an HDHP, you are eligible for an HSA company contribution even if you choose to not make your own contributions. |
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January 10, 2025 by 3 p.m. ET |
If you select the group transfer during Open Enrollment, you must liquidate any HSA investments and turn off any automatic transfers at Smart-Choice.
Important: If you do not liquidate your investments and turn off any automatic transfers, your balance will not transfer to Fidelity. |
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January 24, 2025 |
The group transfer blackout period begins. If you consented to have your Smart-Choice balance moved as part of the group transfer, you will no longer have access to your Smart-Choice HSA. Be sure to consider any transactions you may want to make with your Smart-Choice account before January 24, 2025. You can use your debit card from Fidelity to pay for qualified medical expenses with any funds that are already in your Fidelity HSA during the group transfer blackout period. If you do not have enough funds in your Fidelity HSA to cover an expense, you can pay the expense out of pocket, save your receipt and submit for reimbursement after the group transfer blackout period is completed during the week of February 10, 2025. Please do not use your Smart-Choice HSA debit card during the blackout period as the charge will be declined. |
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During the week of February 10, 2025 |
The group transfer blackout period is expected to be complete, and your Smart-Choice HSA balance will be available in your Fidelity HSA. A notification will be sent to your email address once the transfer is complete and you have access to your funds. This group transfer will not be considered a taxable event and will not be reported to the IRS, though you are encouraged to review applicable rules for your state and consult with a tax advisor. |
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Beginning March 2025 |
If you do not choose to transfer your Smart-Choice balance to Fidelity, Smart-Choice will deduct an administrative fee of $3.75 per month from your account. |
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Flexible Spending Accounts (FSA) |
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DATE |
WHAT’S HAPPENING |
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October 14 ‒ October 25, 2024 |
Make your 2025 Healthcare FSA, Limited Purpose FSA and Dependent Care FSA elections during Open Enrollment. Visit the MyBenefits site through the Colleague Service Center (CSC). |
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Mid-December 2024 |
Your new debit card is expected to ship to your home address on file. If you also elect an HSA, you will use the same debit card for both. |
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December 31, 2024 |
Last day to use your Smart-Choice debit card. |
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Beginning January 1, 2025 |
Contact Fidelity through NetBenefits® at www.netbenefits.com or by calling Fidelity at 1-800-TFS-0076 (1-800-837-0076) for any FSA questions. |
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April 15, 2025 |
Deadline to submit any reimbursements to Smart-Choice for expenses incurred in 2024. |
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April 16 ‒ May 29, 2025 |
HCFSA and LPFSA blackout period for 2024 funds. During this time you will no longer be able to use any carryover funds (up to $640) from your 2024 HCFSA or LPFSA. During this period, you will be able to access the funds you accrue at Fidelity in 2025. |
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On or around May 30, 2025 |
The automatic transfer of your 2024 HCFSA or LPFSA carryover funds will be available at Fidelity. |
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Commuter Benefits |
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DATE |
WHAT’S HAPPENING |
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October 10, 2024 |
Last day to make your final commuter account election at Alight for your November 2024 expenses. Visit the MyBenefits site through the Colleague Service Center (CSC). |
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November 2024 |
Commuter blackout period—there will be no elections after October 11, 2024 through November for December 2024 expenses. However, you may use any remaining balances from Smart-Choice for your December expenses. |
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Beginning December 1, 2024 |
Contact Fidelity through NetBenefits® at www.netbenefits.com or by calling Fidelity at 1-800-TFS-0076 (1-800-837-0076) for any commuter benefit questions. |
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December 1 – December 10, 2024 |
Window for making your commuter account election at Fidelity on www.netbenefits.com for your January 2025 expenses. See the “How to Enroll in Commuter Benefits” flyer for detailed enrollment instructions. |
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December 2024 |
Your new commuter debit card is expected to ship to your home within 10 business days of making your January election. |
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Last payroll of December 2024 |
Your first monthly commuter benefit for January will be deducted from your pay. |
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December 31, 2024 |
Last day to use your Eden Red (Smart-Choice commuter) card. |
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January 2025 |
Begin using your new debit card for your January commuter expenses. |
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February 2025 |
Any remaining 2024 Smart-Choice balances will transfer to Fidelity and will be available to use for qualified commuter expenses. |