HSA eligible Retirees, enrolled in one of the Consumer Directed Health Plans (CDHP) in 2026, must open a Fidelity Health Savings Account by completing the HSA Election section of the TVA Retiree Medical Election Form 2026 found in the 2026 TVA Retiree Benefit Guide and returning the form to benefits@tva.gov. Once received, Fidelity will contact you with instructions to complete the HSA account opening process.
You may maintain your HSA Bank account with HSA Bank or choose to participate in the TVA sponsored group transfer event in early 2026. More detailed information can be found on the Key Dates tab in this Fidelity HSA Resource site.
Participants must meet the following requirements to be eligible for an HSA:
- Must be covered by a High Deductible Health Plan (HDHP). This means you must be enrolled in either the CDHP Gold or CDHP Silver medical option to be eligible for the HSA.
- Cannot be enrolled in Medicare or Tricare.
- Cannot be claimed as a dependent on someone else’s tax return.
- Cannot be covered by another health plan that is not a HDHP (with some exceptions, including vision coverage and dental coverage).
TVA will make an Employer Contribution to eligible participants accounts that have been opened with Fidelity. Contributions will be equivalent to $600 for the CDHP Gold and $450 for the CDHP Silver for individual coverage and $1200 for CDHP Gold and $900 for CDHP Silver for family coverage. Family coverage consists of the retiree and one other dependent (spouse or child). Please notify HR Support Services at 888-275-8094 if you do not meet the eligibility requirements listed above.
The 2026 maximum contribution from all sources is $4,400 per individual and $8,750 per family. If you are age 55 or older, you can also make additional “catch-up” contributions. The maximum annual catch-up contribution is $1,000. These amounts are mandated by the IRS. It is your responsibility to monitor your limits and your eligibility.
If you discontinue your enrollment in the CDHP or lose eligibility, you can continue to use the funds in your HSA for qualified medical expenses until they are depleted, but can no longer contribute to your account.
