{"id":322,"date":"2024-06-05T17:11:26","date_gmt":"2024-06-05T17:11:26","guid":{"rendered":"https:\/\/mdlzbmr.com\/clifhourlybakery\/?page_id=322"},"modified":"2026-02-11T18:35:23","modified_gmt":"2026-02-11T18:35:23","slug":"hsa","status":"publish","type":"page","link":"https:\/\/mdlzbmr.com\/clifhourlybakery\/hsa\/","title":{"rendered":"Health Savings Account (HSA)"},"content":{"rendered":"\n\n\t\t<h2>Health Savings Account (HSA)<\/h2>\t\n<h2>\n\t\t\tAn HSA is a tax-advantaged savings account\t<\/h2>\n\t<p>You can contribute to an HSA if you&#8217;re enrolled in the HSA-Compatible PPO option under the Mondel\u0113z Global Medical Plan (Medical Plan). Fidelity Investments\u00ae services your HSA.<\/p>\n<p>With an HSA, you save tax-free and can then use those before-tax dollars to help pay for eligible expenses today and into the future. For more details on eligible medical, prescription drug, dental, and vision expenses, see <a href=\"https:\/\/www.irs.gov\/publications\/p969\" target=\"_blank\" rel=\"noopener\">IRS Publication 969<\/a>.<\/p>\n<p><strong>With an HSA, you get a triple-tax advantage<\/strong>-you:<\/p>\n<ul>\n<li>Make contributions to your HSA on a before-tax basis;<\/li>\n<li>Pay for eligible expenses with before-tax dollars; and<\/li>\n<li>Can earn interest\/investment returns on your HSA contributions all tax-free.<\/li>\n<\/ul>\n<p><strong>Your HSA balance is yours to keep.<\/strong> It remains available regardless of whether you change your coverage under the Medical Plan, enroll in a medical coverage outside of MDLZ, leave MDLZ, or retire. Plus, your unused end-of-year HSA balance rolls over year-to-year.<\/p>\n\t<style>#sp-ea-340 .spcollapsing { height: 0; overflow: hidden; transition-property: height;transition-duration: 300ms;}#sp-ea-340.sp-easy-accordion>.sp-ea-single {margin-bottom: 10px; border: 1px solid #e2e2e2; }#sp-ea-340.sp-easy-accordion>.sp-ea-single>.ea-header a {color: #ffffff;}#sp-ea-340.sp-easy-accordion>.sp-ea-single>.sp-collapse>.ea-body {background: #fff; color: #444;}#sp-ea-340.sp-easy-accordion>.sp-ea-single {background: #eee;}#sp-ea-340.sp-easy-accordion>.sp-ea-single>.ea-header a .ea-expand-icon { float: left; color: #ffffff;font-size: 16px;}<\/style><div id=\"sp_easy_accordion-1717609861\"><div id=\"sp-ea-340\" class=\"sp-ea-one sp-easy-accordion\" data-ea-active=\"ea-click\" data-ea-mode=\"vertical\" data-preloader=\"\" data-scroll-active-item=\"\" data-offset-to-scroll=\"0\"><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-3400\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse3400\" aria-controls=\"collapse3400\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> Growing your HSA<\/a><\/h3><div class=\"sp-collapse spcollapse spcollapse\" id=\"collapse3400\" role=\"region\" aria-labelledby=\"ea-header-3400\"> <div class=\"ea-body\"><p>Your HSA balance can grow in multiple ways.<\/p><h4 class=\"green-text\"><strong>Your contributions<\/strong><\/h4><p>You can contribute on a before-tax basis, up to the following annual IRS limits:<\/p><ul><li>$4,400 if you enroll in medical coverage for yourself only<\/li><li>$8,750 if you enroll at least one other family member for medical coverage<\/li><\/ul><p>Plus, if you\u2019ll be age 55 or older in 2026 (and not enrolled in Medicare), you\u2019ll be able to contribute an additional $1,000 in \u201ccatch-up\u201d contributions to your HSA.<\/p><h4 class=\"green-text\"><strong>Company contributions<\/strong><\/h4><p>As long as you\u2019re enrolled in the HSA-Compatible PPO option and you\u2019ve opened an HSA at Fidelity, you\u2019re eligible for a contribution from MDLZ as follows:<\/p><ul><li>$62.50 per month, if you enroll in individual coverage;<\/li><li>$125 per month, if you enroll at least one other family member<\/li><\/ul><p><strong>Note:<\/strong> Annual IRS contribution limits take into account both Company contributions and your own contributions. So, you\u2019ll want to adjust your contributions to account for the contributions you\u2019ll receive from MDLZ.<\/p><h4 class=\"green-text\"><strong>Interest\/investment returns<\/strong><\/h4><p>You can invest the money in your HSA, and it can grow through:<\/p><ul><li><span class=\"green-text\"><strong>Interest:<\/strong><\/span>\u00a0Your HSA is a savings account, so it earns an annual rate of tax-free interest.<\/li><li><span class=\"green-text\"><strong>Investment returns:<\/strong><\/span>\u00a0You can choose from a number of investment options available through Fidelity to help your savings grow tax-free.\u00a0<strong>Please note<\/strong>: MDLZ doesn't play a role in determining the investment options available through Fidelity, or the fees charged.<\/li><\/ul><p><strong>Note:<\/strong> Annual IRS contribution limits take into account all amounts you may have contributed to an HSA during the calendar year (even before your employment with MDLZ, if applicable), as well as any HSA contributions made by MDLZ (if you're eligible).<\/p><p>If you\u2019re married, your spouse\u2019s contributions to his or her own HSA may reduce the annual maximum you may contribute to your HSA.<\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-3401\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse3401\" aria-controls=\"collapse3401\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> Paying with your HSA<\/a><\/h3><div class=\"sp-collapse spcollapse spcollapse\" id=\"collapse3401\" role=\"region\" aria-labelledby=\"ea-header-3401\"> <div class=\"ea-body\"><p>Use your HSA balance to pay for eligible out-of-pocket medical, prescription drug, dental, and vision expenses\u2014such as services received while meeting your deductible and what you pay after the deductible (like coinsurance or copays for doctor visits and prescription medications). You can use your debit card\u2014the NetBenefits<sup>\u00ae<\/sup>\u00a0Access Card\u2014or pay expenses on your own and submit claims via the\u00a0<a href=\"http:\/\/netbenefits.com\" target=\"_blank\" rel=\"noopener\">NetBenefits website<\/a>\u00a0for reimbursement.<\/p><p>Once you begin to set up your account by making a contribution election on <a href=\"https:\/\/www.mdlzmybenefitsonline.com\/\" target=\"_blank\" rel=\"noopener\">MyBenefits Online<\/a>, you receive more information directly from Fidelity (including how to open your HSA at Fidelity, request additional debit cards, view your account balance via the <a href=\"http:\/\/netbenefits.com\" target=\"_blank\" rel=\"noopener\">NetBenefits website<\/a>, invest your contributions, and elect beneficiaries). You also receive various HSA-related information from Fidelity throughout the year.<\/p><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-3402\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse3402\" aria-controls=\"collapse3402\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> Eligibility requirements<\/a><\/h3><div class=\"sp-collapse spcollapse spcollapse\" id=\"collapse3402\" role=\"region\" aria-labelledby=\"ea-header-3402\"> <div class=\"ea-body\"><p>The HSA-Compatible PPO option is considered a High Deductible Health Plan (HDHP) that allows for an HSA\u2014also considered an IRA-type or custodial account. To be eligible for an HSA, you can\u2019t be:<\/p><ul><li>Covered under another plan that isn\u2019t an HDHP (including a spouse\u2019s general flexible spending account), or<\/li><li>Enrolled in Medicare.<\/li><\/ul><\/div><\/div><\/div><div class=\"ea-card sp-ea-single\"><h3 class=\"ea-header\"><a class=\"collapsed\" id=\"ea-header-3403\" role=\"button\" data-sptoggle=\"spcollapse\" data-sptarget=\"#collapse3403\" aria-controls=\"collapse3403\" href=\"#\" aria-expanded=\"false\" tabindex=\"0\"><i aria-hidden=\"true\" role=\"presentation\" class=\"ea-expand-icon eap-icon-ea-expand-plus\"><\/i> Contact info &amp; apps<\/a><\/h3><div class=\"sp-collapse spcollapse spcollapse\" id=\"collapse3403\" role=\"region\" aria-labelledby=\"ea-header-3403\"> <div class=\"ea-body\"><p><span class=\"green-text\"><strong>Fidelity\u00a0services the HSA and can be reached at<\/strong>:<\/span><\/p><ul><li><a href=\"http:\/\/www.netbenefits.com\/mondelez\" target=\"_blank\" rel=\"noopener\">NetBenefits Website<\/a><\/li><li>Phone:\u00a0<a href=\"tel:18666124582\">1-866-612-4582<\/a>\u00a0|\u00a0<a href=\"tel:18005443716\">1-800-544-3716<\/a>\u00a0(HSA-specific) |\u00a0<a href=\"tel:18338117432\">1-833-811-7432<\/a>\u00a0(Cardholder services)<\/li><li>Mobile App:\u00a0<a href=\"https:\/\/apps.apple.com\/us\/app\/fidelity-investments\/id348177453\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">APPLE APP STORE<\/a>\u00a0|\u00a0<a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.fidelity.android\" target=\"_blank\" rel=\"noopener noreferrer nofollow\">GOOGLE PLAY STORE<\/a><\/li><\/ul><p>&nbsp;<\/p><\/div><\/div><\/div><\/div><\/div>\n\t\t\t\t<img decoding=\"async\" src=\"https:\/\/mdlzbmr.com\/clifhourlybakery\/wp-content\/uploads\/sites\/4\/2024\/06\/HSA-Icon.png?_t=1717609832\" alt=\"HSA-Icon\" itemprop=\"image\" title=\"HSA-Icon\" onerror=\"this.style.display='none'\" loading='lazy' \/>\n\t<h2>Changing your HSA contributions<\/h2>\nYou can change your HSA contribution election throughout the year by going to\u00a0<strong>MyBenefits Online<\/strong>\u00a0(election takes effect prospectively).<br \/>\n<a href=\"https:\/\/mondelez.ehr.com\/\" target=\"_blank\" rel=\"noopener\"><button>Go Now<\/button><\/a>\n\n","protected":false},"excerpt":{"rendered":"<div class=\"entry-summary\">\n<div class=\"entry-summary\">\nHealth Savings Account (HSA) An HSA is a tax-advantaged savings account You&hellip;\n<\/div>\n<div class=\"link-more\"><a href=\"https:\/\/mdlzbmr.com\/clifhourlybakery\/hsa\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &ldquo;Health Savings Account (HSA)&rdquo;<\/span>&hellip;<\/a><\/div>\n<\/div>\n<div class=\"link-more\"><a href=\"https:\/\/mdlzbmr.com\/clifhourlybakery\/hsa\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &ldquo;Health Savings Account (HSA)&rdquo;<\/span>&hellip;<\/a><\/div>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"page-template\/_fullwidth.php","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"class_list":["post-322","page","type-page","status-publish","hentry","entry"],"acf":[],"_links":{"self":[{"href":"https:\/\/mdlzbmr.com\/clifhourlybakery\/wp-json\/wp\/v2\/pages\/322","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mdlzbmr.com\/clifhourlybakery\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/mdlzbmr.com\/clifhourlybakery\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/mdlzbmr.com\/clifhourlybakery\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mdlzbmr.com\/clifhourlybakery\/wp-json\/wp\/v2\/comments?post=322"}],"version-history":[{"count":12,"href":"https:\/\/mdlzbmr.com\/clifhourlybakery\/wp-json\/wp\/v2\/pages\/322\/revisions"}],"predecessor-version":[{"id":2199,"href":"https:\/\/mdlzbmr.com\/clifhourlybakery\/wp-json\/wp\/v2\/pages\/322\/revisions\/2199"}],"wp:attachment":[{"href":"https:\/\/mdlzbmr.com\/clifhourlybakery\/wp-json\/wp\/v2\/media?parent=322"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}