Workmates who enroll in the Cigna or Kaiser Smart Plan will see a portion of the Workday contribution deposited into their HSAs each pay period beginning in January (24 pay periods). If you’ve already set up an HSA with Fidelity, no further action is required.

Note: If this is the first time you’ve enrolled in a Smart Plan, be on the lookout for information from Fidelity in mid-December about how to open your account. If you don’t sign up ASAP, the Workday HSA contribution to your account may be delayed.

Yes, but you should be careful. The HSA contributions you make through payroll deductions, plus Workday contributions, appear in your HSA incrementally over 24 pay periods. If the total amount of your contributions and the Workday contribution over the course of the year exceeds the IRS limit for 2025, then your excess contributions will be subject to an IRS penalty.

Factoring in the Workday contribution, the maximum amount you can contribute in 2025 is $3,300 for employee-only coverage and $6,550 if you’re covering any dependents. If you’re considering making contributions directly to your HSA, we recommend that you consult with Northstar to review any tax implications. If you wish to proceed, contact Fidelity directly for next steps.

Yes - Most benefit plans only allow midyear changes if you have a qualifying event, but HSAs are different. If you need to change your HSA contribution amount at any point during 2025, you can do so by submitting an HSA Contribution Change event in Workday. Deduction changes will be effective the first of the month following when you submit the event.