If you've enrolled in Plan A health insurance (the high deductible plan), you will be eligible to sign up for the HSA.

You will have option to set up your HSA during enrollment, or you can set it up after. If setting up after, head to the "HSA" app on your Rippling dashboard.

If this is your first time setting up your HSA, you should receive your card to your home address in the next 5-10 business days after Liberty Bank has processed your enrollment. The card will come in a plain envelope, so keep your eyes peeled!

You will also receive an email from Liberty Bank asking you to confirm your new account - please keep an eye out for that email and make sure you confirm your account! It's also possible you may need to complete additional steps called CIP testing - these steps will be required to complete enrollment. See the below question for more info.

Make sure you answer any emails coming from Rippling or Liberty Bank to confirm your identity. Occasionally, some employees have to take an additional identification step to open up their HSA with Liberty. This is called CIP testing:

“To open an HSA bank account, every employee must go through Customer Identification Program (CIP) testing to verify their identity. Liberty Bank performs this testing before opening an HSA account. In most cases employees pass the CIP testing. However, in cases where an employee fails it, they need to provide additional documents requested by Liberty Bank.”

No need to worry if this happens to you! It’s pretty easy to resolve, it’s just important to do so quickly or your HSA will not be activated. If you are obligated to go through further CIP testing, you will receive an email from donotreply@libertysavingsbank.com titled “Liberty Health - HSA Application Request.” They will ask you to provide up to three documents from a list, such as your State ID, Social Security Card, and a copy of your paystub. They will ask you to fax the documents (old school, I know) but if you need assistance please talk to People Ops - we're happy to help.

If you do not respond to CIP testing in a timely manner, your HSA will not be fully activated. You may initially be able to contribute to your HSA, but that money will be returned to Levelset when your account is turned off by Liberty Bank and we'll need to return it to you as taxed income, which means you will lose the benefit of tax-free savings for that money.

Please don't ignore CIP testing emails. :)

As a full-time employee, Levelset will offer to match your HSA $50 each month. To reap the full benefit, you must also put in at least $50 to your HSA each month. Looking at a few examples...

• If you put in $0 in your HSA that month, Levelset will not automatically put any money in your account that month

• If you put in $25 in your HSA that month, Levelset will automatically put an additional $25 in your account that month

• If you put in $50 in your HSA that month, Levelset will automatically put an additional $50 in your account that month

• If you put in $100 in your HSA that month, Levelset will automatically put an additional $50 in your account that month

Please talk to People Ops with any questions about the match - we're happy to help!

When initially setting up your HSA, Rippling will ask you to confirm how much you want to contribute a month. Enter the monthly amount you want to contribute (Rippling should automatically contribute up to $50 from Levelset, depending on how much you're putting in).

Rippling will then frontload your HSA with your full monthly contribution at the beginning of each month. In that same month, you will have equal monthly contributions deducted from your check each Friday to complete your monthly contribution. (Ex. If you contribute $100 in your HSA for June, you'll see $150 added to your HSA at the beginning of June. If there are 4 Fridays in June, you'll see a $25 deduction each week of that month to pay back the $100 you contributed, and Levelset will automatically contribute the $50).

If you want to change your contribution amount:

You can adjust your contributions monthly. I suggest to always think about it as what do I want to contribute next month? If you want to add more or less next month, you can update those funds easily in Rippling - go to the HSA app on your dashboard, and update how much you are contributing.

Please note: all contribution changes must be confirmed in the app by the 25th of the month to make it in time for the following month's contributions. Our advice: plan any contribution changes early!

There is a federally mandated annual contribution limit for HSAs. That limit in 2021 is $3,600 for individuals, $7,200 for families. If you are 55 or older, you also have the ability to do a $1,000 catch-up in your account.

Rippling will automatically cap your contribution amount to make sure you do not go over the annual contribution limit, however it is best to also self-monitor this as well. If you contributed any money to a different HSA previously in the calendar year, Rippling may not have that information on hand and may not be able to keep your contributions under the limit correctly. Check with People Ops if you have questions.

Liberty Savings Bank (not Rippling) charges a paper statement fee of $2.95 a month with your account. If you don’t want to be charged this fee, you can opt out of paper statements and opt for electronic delivery. Follow these steps to opt out:

• Go to the HSA app in Rippling and click the “Login to your HSA Account” button at the top

• Change your “Benefit Account Summary" in the blue bar from ‘CURRENT’ to ‘ALL.’ This will show you information about your HSA account, even if it isn’t active yet.

• Click on the ‘Statements’ link listed under “account resources.” From there, you should be able to choose to receive statements electronically.

You can use your HSA funds to pay for doctor's visits, dentist visits, prescription costs, and more!

See a full list of eligible items here.

Rippling will send you a card in the mail (please note that it arrives in a plain, blank looking envelope) in the first few weeks of you establishing your HSA.

If you ever can't access your card but make an HSA eligible purchase, you can easily use the HSA app in Rippling to reimburse yourself.

You can also easily request a new card from Rippling in the HSA app, in case your card gets lost.

Yes you can! If you’re interested in opening up an investment account with your HSA funds, you can do so through Rippling. Instructions on how to open an investment account are available here. You can see a full list of Liberty Health Bank HSA Investment Options, and read more about the pros and cons to opening an investment account with your HSA.

You can certainly rollover your previous HSA to your account with Liberty.

1. You will need to have your Liberty account already established and have your account number on hand.

2. Next, will need to fill out this form from Liberty Bank. Most of the form should be fairly straightforward, however if you have questions please feel free to contact People Ops. The "Current Holder of Assets" is the bank who controls the HSA you're looking to transfer over.

3. Mail or fax your form in, and Liberty will take it from there to process your request.

Mail to: Liberty Savings Bank Attn: HSA Department
2323 Stickney Point Rd.
Sarasota, FL 34231

OR
Fax: 941-953-6006

Your HSA is a personal bank account, and you will have complete access to it even if you leave Levelset.

After leaving Levelset, you will receive a new card in the mail, and you will still retain access to your account through Rippling ( https://www.rippling.com/).

There is a $2.00 monthly fee to maintain your HSA account outside of employment with Levelset. That money will be taken out of your funds in your HSA.

Should you leave Levelset, it’s important to note that Rippling typically advises you to contact Liberty Bank directly at 844-424-2265 or hsa@libertysavingsbank.com to establish an independent way of maintaining your account directly with Liberty. That way if Levelset were to ever stop using Rippling in the future, you would not have a gap in access to your HSA.