Health Savings Account (HSA)

Below are important reminders to know about your Fidelity HSA.

  • If you elected to transfer your HSA balance from your Bank of America HSA to your new Fidelity HSA, the Transition Period is underway.
  • The Transition Period began on Jan. 16 and will continue through the week of Feb. 2. You are unable to access funds and make any investment transactions from your Bank of America HSA during this time. Further, your Bank of America HSA debit card was deactivated on Jan. 16.
  • During the week of Feb. 2, we will post a message on this page and current employees will receive an email from ConocoPhillips U.S. Benefits mailbox that the transfer has been completed. 
  • Thereafter, you can log in to your Fidelity HSA and view your balance in the interest-bearing cash account. If you have not already, you may begin to invest your HSA dollars.  
  • If needed, you may reimburse yourself for eligible medical expenses from your Fidelity HSA if you pay out of pocket during the Transition Period.

If you have questions regarding your Fidelity HSA, please contact Fidelity at 
833-637-4015 or 800-544-3716. If you are seeking tax or related documentation, please contact Bank of America at 800-619-4663. All other questions can be routed to the Benefits Center at 800-622-5501 or HR Connections at 918-661-5381.

Three ways to save with the triple tax advantage of an HSA:

  1. You pay no employment or federal income taxes on the money contributed to your account. In most states, you also pay no state taxes. 
  2.  Earnings on your HSA grow tax-free, which provides a great way to pay for future medical expenses — including in retirement.
  3. Money you withdraw to pay for eligible medical, prescription, dental and vision expenses — today, or in the future —is not subject to taxes.

To be eligible for an HSA, you must be covered by an HDHP as your only health insurance. If you elect the HDHP with HSA option, ConocoPhillips will contribute to your HSA to help you cover your health care costs. No Company contribution is provided if you enroll in the HDHP Base option. The amount you can contribute along with your Company contribution is limited each year by the IRS.

​If You Enroll:    We Contribute: (HDHP Only)​ You Can Contribute: HDHP ​ You Can Contribute: HDHP Base​
You Only​ ​$600 ​Up to $3,800 ​Up to $4,400
​Other Coverage Levels ​$1,000 ​ Up to $7,750 ​Up to $8,750
NOTE: Participants over age 55 can contribute an additional $1,000 annually. ​ ​ ​
Date HDHP Coverage Begins Coverage Level Percent of Annual Company Contribution Annual Company Contribution
The company HSA contribution* is based on the effective date your HDHP coverage begins, as follows:
Jan. 1 through June 30
  • You only
  • Other coverage levels
  • 100%
  • $600
  • $1,000
July 1 through Nov. 1
  • You only
  • Other coverage levels
  • 50%
  • $300
  • $500
Nov. 2 through Dec. 31
  • You only
  • Other coverage levels
  • 0%
  • $0

*You are eligible to receive the company contribution once in a calendar year.

Changes for 2026 are shown in bold. 

It’s easy to use your HSA. Once you enroll, you’ll receive a Visa debit card. You can use your card anywhere Visa’s accepted to pay eligible out-of-pocket health expenses. You can also use it to pay bills from doctors and hospitals.

Remember, if you choose, you can also invest your HSA funds right through the Bank of America online portal, earn tax free returns and use the funds for eligible expenses in your retirement.

Tax Considerations

The HSA program is voluntary, and you are responsible for reporting contributions to and distributions from your HSA (whether by you or on your behalf) to the IRS. You should consult your tax or financial adviser to understand if you are eligible for an HSA, if an HSA would be advantageous to you, and to ensure that you understand all tax implications.

Disclaimer

It is the intention of ConocoPhillips to comply with the Department of Labor guidance set forth in Field Assistance Bulletin No. 2004-1, which specifies that a Health Savings Account is not an ERISA plan if certain requirements are satisfied. The HSA described at this site is not an arrangement that is established and maintained by ConocoPhillips. Rather, the HSA is established and maintained by the HSA trustee or custodian. However, for administrative convenience, a description of the HSA and information on the HSA are provided on this website.

Links and Documents