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Health Savings Account.

Employees who elect Health Plan 3 receive a Health Savings Account (HSA) that helps you save on health care expenses and receive matching contributions from Best Buy.

benefits guide.

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HSA summary.

What it is

An account, like a 401(k) for health care expenses, that you and Best Buy contribute tax-free dollars to in order to help pay for eligible expenses* now and/or in the future. The account is administered by Optum Bank.

Who contributes

You and Best Buy,** up to IRS limits ($3,650 You Only; $7,300 You + Spouse/Domestic Partner, You + Child(ren) or You + Family).***

Making contribution changes 

You can make changes to your contributions at any time throughout the year through the Health and Welfare Benefits Website.

Eligible expenses

Medical, dental and vision expenses, like: 

  • Deductibles
  • Coinsurance
  • Office visits, in- and out-of-network
  • Prescription drugs

Refer to the Optum Bank Education Center for a complete list of qualified expenses. Non-medical expenses are subject to taxes, including a tax penalty.


Unused dollars always roll over to the following year.

Who can use it 

You and any of your tax dependents, regardless of their health plan participation.

Account access

Pay expenses with your HSA debit card, online bill pay or by check.

Account ownership

You own the account, including any money you earn from interest, and keep it if/when you leave Best Buy.

*If you have an HSA and a Health Care FSA, your Health Care FSA can only reimburse dental and vision expenses.
**If you are age 65 or older and enrolled in Medicare, federal regulations prohibit you from contributing to an HSA. If you are or will turn 65 in 2022, you are not eligible to receive the matching contribution from Best Buy.
***If you are 55 or older, you can make an additional $1,000 catch-up contribution.

Matching contributions.

Just like a 401(k), you can get free money from Best Buy when you contribute to your HSA. Best Buy will match dollar-for-dollar any contributions you make, up to the annual and per-paycheck amounts below. Contribute at least enough to receive the full match so you don’t leave money on the table.

Coverage Tier Matching Contributions per Paycheck

You Only 

$9.62 ($250 annually)

You + Spouse/Domestic Partner 


You + Child(ren)

$14.42 ($375 annually)

You + Family 

$19.23 ($500 annually)