If you choose the REI Saver Medical Plan, you can open an HSA. REI contributes money to your account (up to $500 per year for individual coverage or $1,000 per year for family coverage), which you can save or use to pay qualified health care expenses. REI will allocate funds evenly throughout the year when you set up your HSA. If you join the plan mid-year, the amount REI contributes will be pro-rated.
You own the account once you set it up—even if you leave REI—and any unused funds roll over from year to year. (Unlike a Flexible Spending Account, the HSA has no “use it or lose it” rule.) So, you can use your HSA funds now or for future health care needs, even into retirement.