What's new
Your HSA investment options
Fidelity provides broad investing options for your HSA, including:
- Fidelity HSA Funds to Consider — funds selected by Fidelity for HSA investing, all with waived investment minimums and no transaction fees1.
- Single-fund options, such as target date funds and target allocation funds.
- Fidelity’s entire brokerage lineup — mutual funds, ETFs, stocks, bonds, U.S. Treasuries, FDIC-insured CDs and more.
Your debit card
You were mailed a new debit card, the NetBenefits AccessCard®, as part of this transition to Fidelity. This special-purpose Visa® debit card provides an easy and automatic way to pay for eligible expenses. The same card gives you access to your HSA funds and, if applicable, to any other spending account funds you may have (except the commuter account and dependent care flexible spending account). When you use your NetBenefits AccessCard® to pay for eligible expenses, the amount is automatically deducted from the appropriate spending account.
The card was mailed to you in December 2023, and was ready for use Jan. 11, 2024, following the transition blackout period. You also can request additional cards for eligible family members once you have activated your card.
Your contact for account support
The service center you’ve come to rely on for your American Airlines-sponsored 401(k) and pension is now here to help you with your spending accounts: the American Airlines Service Center at Fidelity at 800-354-3412. You can also use the online live chat feature on NetBenefits® to get support for your accounts.
Your online account access
As of Jan. 1, 2024, you were able to access your accounts online at NetBenefits (netbenefits.com/aa), where you can try new planning tools. Fidelity also offers an easy-to-use NetBenefits app for your phone or tablet that you can download from the Apple App Store® or Google PlayTM.
1Transaction fees refers to fees for account features such as account opening, funds transfer, debit cards, excess contributions, etc., and does not include recordkeeping fees, which may be charged to employers.
Actions to consider
Anytime
Initiate an individual transfer to Fidelity, if you were not part of American’s group transfer and would like to do so.
If you wish to consolidate your existing HSA with a new Fidelity HSA, and you did not participate in American’s group transfer to Fidelity, you can still move your account to Fidelity by initiating an individual transfer.
There are two ways to complete an individual transfer to Fidelity.
Other important information
Individual transfers and Alight Smart-Choice HSA fees
If you did not participate in American's group transfer to Fidelity, you have the option to transfer your existing HSA to Fidelity on your own anytime. However, there are a few things to keep in mind about individual transfers:
- Smart-Choice will charge you a $25 account closure fee, which will be deducted from your current HSA balance. However, if you initiate a transfer to Fidelity by March 31, 2024, Fidelity will reimburse this fee in May 2024.
- The individual transfer process generally takes two to three weeks to complete. During this transfer processing time, you may incur fees from Smart-Choice.
- Beginning in March, accounts remaining at Smart-Choice will be subject to fees of up to $4.50 per month ― $2 in administrative fees and $2.50 in investment fees, if applicable ― for a total of $54 per year. With Fidelity, your account will not incur fees.
Your annual goal amount
As a reminder, if you elected the Core medical option for 2024, contributing to an HSA provides you the opportunity to experience a triple tax advantage. If you didn't set your annual goal amount during Annual Enrollment, you have the flexibility to adjust your goal amount generally any time during the year. Visit American’s Benefits Service Center to learn more.