Health Savings Account (HSA)

An HSA is a tax-advantaged savings account.

You can contribute to an HSA if you’re enrolled in the $2,000 or $3,500 Deductible option under the Mondelēz Global Medical Plan (Medical Plan). 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 IRS Publication 969.

With an HSA, you get a triple-tax advantage—you:

  • Make contributions to your HSA on a before-tax basis;
  • Pay for eligible expenses with before-tax dollars; and
  • Can earn interest/investment returns on your HSA contributions all tax-free.

Your HSA balance is yours to keep. 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.

Your HSA balance can grow in multiple ways.

Your contributions

You can contribute on a before-tax basis, up to the following annual IRS limits:

  • $4,300 if you enroll just yourself in medical coverage
  • $8,550 if you enroll at least one other family member
  • An additional $1,000 “catch-up” contribution if you're age 55 or older in 2025 (and not enrolled in Medicare)

HSA matching contributions

You’re eligible for an HSA matching contribution from the Company if:

  • Your annual base pay is less than $75,000* as of your eligibility date;
  • You have coverage under the $2,000 or $3,500 Deductible option; and
  • You make an HSA contribution during 2025.

MDLZ contributes a dollar-for-dollar match for every dollar you contribute to your HSA savings, up to $300 total for the year.

Interest/investment returns

You can invest the money in your HSA, and it can grow through:

  • Interest: Your HSA is a savings account, so it earns an annual rate of tax-free interest.
  • Investment returns: You can choose from a number of investment options available through Fidelity to help your savings grow tax-free. Please note: MDLZ doesn't play a role in determining the investment options available through Fidelity, or the fees charged.

Note: 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 matching contributions made by the Company (if you're eligible).

If you’re married, your spouse’s contributions to his or her own HSA may reduce the annual maximum you may contribute to your HSA.

*The $75,000 earnings requirement is based on your annual base pay and doesn't include any bonus/incentive compensation for which you may be eligible. If a pay increase happens after your eligibility date (when your eligibility for HSA matching contributions is first determined), it won't affect your eligibility for HSA matching contributions until the next plan year.

Use your HSA balance to pay for eligible out-of-pocket medical, prescription drug, dental, and vision expenses—such 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—the NetBenefits® Access Card—or pay expenses on your own and submit claims via the NetBenefits website for reimbursement.

Once you begin to set up your account by making a contribution election on MyBenefits Online, 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 NetBenefits website, invest your contributions, and elect beneficiaries). You also receive various HSA-related information throughout the year.

The $2,000 and $3,500 Deductible options are considered High Deductible Health Plans (HDHPs) that allow for an HSA—also considered an IRA-type or custodial account. To be eligible for an HSA, you can’t be:

  • Covered under another plan that isn’t an HDHP (including a spouse’s general flexible spending account), or
  • Enrolled in Medicare.

Fidelity Investments® services the HSA and can be reached at:

 

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Changing your HSA contributions

You can change your HSA contribution election throughout the year by going to MyBenefits Online (election takes effect prospectively).