[et_pb_section fb_built="1" fullwidth="on" _builder_version="3.22.3" custom_padding="0|0px|0|0px|false|false"][et_pb_fullwidth_header subhead="Health Savings Account (HSA)" background_overlay_color="rgba(255,255,255,0)" content_max_width_tablet="68%" content_max_width_phone="62%" content_max_width_last_edited="on|desktop" _builder_version="3.29.2" title_font_size="16px" title_letter_spacing="2px" title_line_height="1.2em" subhead_text_color="#48484a" subhead_font_size="48px" subhead_line_height="1.1em" background_color="#ffffff" use_background_color_gradient="on" background_color_gradient_start="rgba(255,255,255,0.3)" background_color_gradient_end="rgba(255,255,255,0)" background_color_gradient_direction="90deg" background_color_gradient_end_position="80%" background_color_gradient_overlays_image="on" background_image="http://www.ingrambenefits.com/wp-content/uploads/2019/09/arches_HSA.jpg" background_layout="light" custom_padding="7vw||7vw||true" custom_padding_tablet="6vw||6vw||true" custom_padding_phone="3vw||3vw||true" custom_padding_last_edited="on|tablet" title_font_size_tablet="15px" title_font_size_phone="14px" title_font_size_last_edited="on|phone" subhead_font_size_tablet="37px" subhead_font_size_phone="30px" subhead_font_size_last_edited="on|desktop" custom_css_subtitle="font-weight: 700;" text_shadow_style="preset3" text_shadow_blur_strength="0.55em" text_shadow_color="rgba(255,255,255,0.55)" button_one_text_size__hover_enabled="off" button_two_text_size__hover_enabled="off" button_one_text_color__hover_enabled="off" button_two_text_color__hover_enabled="off" button_one_border_width__hover_enabled="off" button_two_border_width__hover_enabled="off" button_one_border_color__hover_enabled="off" button_two_border_color__hover_enabled="off" button_one_border_radius__hover_enabled="off" button_two_border_radius__hover_enabled="off" button_one_letter_spacing__hover_enabled="off" button_two_letter_spacing__hover_enabled="off" button_one_bg_color__hover_enabled="off" button_two_bg_color__hover_enabled="off"][/et_pb_fullwidth_header][/et_pb_section][et_pb_section fb_built="1" use_custom_gutter="on" gutter_width="2" specialty="on" padding_top_1="0px" padding_top_2="0px" padding_right_1="30px" padding_1_tablet="|15px||" padding_2_tablet="" padding_1_phone="|0px||" padding_2_phone="" padding_1_last_edited="on|desktop" padding_2_last_edited="on|desktop" module_class_1="basic_column_no_sideborder" custom_css_main_1="border-right: 2px dotted #d9d9d9;" _builder_version="4.4.2"][et_pb_column type="2_3" specialty_columns="2" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_row_inner _builder_version="4.4.2" custom_margin="||0px|" custom_padding="0px||0px|"][et_pb_column_inner saved_specialty_column_type="2_3" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_text admin_label="Text -- INTRO copy reg." _builder_version="3.29.2" text_font="|300|||||||" text_text_color="#48484a" text_font_size="24px" text_line_height="32px" link_font="|700|||||||" custom_margin="||20px|" custom_padding="||8px||false|false" text_font_size_tablet="" text_font_size_phone="21px" text_font_size_last_edited="on|desktop" text_line_height_tablet="" text_line_height_phone="28px" text_line_height_last_edited="on|desktop" border_width_bottom="1px" border_color_bottom="#00529c" saved_tabs="all"]<p style="padding-bottom: 1em;">An HSA works like a personal savings account, but the money can only be used for <a href="https://www.wageworks.com/takecare-myhsa/health-savings-account-overview/hsa-eligible-expenses.aspx" target="blank" rel="noopener noreferrer">qualified medical expenses</a>. If you enroll in the Health Savings Option medical plan, you need to sign up for an HSA with WageWorks® in order to receive the contribution from Ingram.</p>[/et_pb_text][/et_pb_column_inner][/et_pb_row_inner][et_pb_row_inner custom_padding_last_edited="on|phone" admin_label="Row" _builder_version="3.25" custom_padding="15px||38px||false|false" custom_padding_tablet="||14px|" custom_padding_phone="||0px|"][et_pb_column_inner saved_specialty_column_type="2_3" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_toggle title="Setting up an HSA" open_toggle_background_color="#ffffff" closed_toggle_background_color="#ffffff" icon_color="#68bd45" admin_label="Toggle -- What's an HSA?" _builder_version="3.29.2" title_text_color="#8f8f8f" title_font="|700|||||||" title_font_size="20px" title_line_height="1.2em" body_font="||||||||" body_font_size="15" body_line_height="1.4em" custom_margin="-6px|||||" custom_css_toggle_icon="font-size: 34px;" border_width_all="0px" border_width_bottom="2px" border_style_bottom="dotted"]<ul>
<li>If you haven’t already done so, <a href="#">register your account online</a></li>
<li>If you’re contacted by BNY Mellon (the HSA financial custodian), it means they need additional information in order to set up your account and you need to respond</li>
<li>If you already have an HSA with another bank or employer, and you choose not to open an HSA with WageWorks, you will not be able to receive the Ingram HSA contribution</li>
</ul>[/et_pb_toggle][et_pb_toggle title="Contribution from Ingram" open_toggle_background_color="#ffffff" closed_toggle_background_color="#ffffff" icon_color="#68bd45" admin_label="Toggle -- Key features of the HSA" _builder_version="3.29.2" title_text_color="#8f8f8f" title_font="|700|||||||" title_font_size="20px" title_line_height="1.2em" body_font_size="15" body_line_height="1.4em" custom_css_toggle_icon="font-size: 34px;" border_width_all="0px" border_width_bottom="2px" border_style_bottom="dotted"]<p>Ingram puts money into your HSA at the beginning of each year:</p>
<ul>
<li>Individual coverage: $500</li>
<li>Family coverage: $1,000</li>
</ul>
<p>If you enroll in the HSA during the year, the amount you receive will be prorated.</p>[/et_pb_toggle][et_pb_toggle title="Your Contributions" open_toggle_background_color="#ffffff" closed_toggle_background_color="#ffffff" icon_color="#68bd45" admin_label="Toggle -- Key features of the HSA" _builder_version="3.29.2" title_text_color="#8f8f8f" title_font="|700|||||||" title_font_size="20px" title_line_height="1.2em" body_font_size="15" body_line_height="1.4em" custom_css_toggle_icon="font-size: 34px;" border_width_all="0px" border_width_bottom="2px" border_style_bottom="dotted"]<p>You can contribute through before-tax payroll deductions up to IRS limits</p>
<ul>
<li>2019 HSA maximum contribution (including Ingram’s annual contribution)
<ul>
<li>Individual coverage: $3,550</li>
<li>Family coverage: $7,100</li>
</ul>
</li>
<li>If you are age 55 or older, you can contribute an additional $1,000</li>
</ul>[/et_pb_toggle][et_pb_toggle title="Triple Tax Benefits" open_toggle_background_color="#ffffff" closed_toggle_background_color="#ffffff" icon_color="#68bd45" admin_label="Toggle -- Key features of the HSA" _builder_version="3.29.2" title_text_color="#8f8f8f" title_font="|700|||||||" title_font_size="20px" title_line_height="1.2em" body_font_size="15" body_line_height="1.4em" custom_css_toggle_icon="font-size: 34px;" border_width_all="0px" border_width_bottom="2px" border_style_bottom="dotted"]<ul>
<li>Contributions to your HSA are made on a before-tax basis and come straight out of your<br />paycheck</li>
<li>Interest earned on your HSA account, including interest from HSA investments, is tax-deferred</li>
<li>Withdrawals from your HSA for qualified health care costs are tax free</li>
</ul>[/et_pb_toggle][et_pb_toggle title="No %22Use It or Lose It%22 Rule" open_toggle_background_color="#ffffff" closed_toggle_background_color="#ffffff" icon_color="#68bd45" admin_label="Toggle -- Key features of the HSA" _builder_version="3.29.2" title_text_color="#8f8f8f" title_font="|700|||||||" title_font_size="20px" title_line_height="1.2em" body_font_size="15" body_line_height="1.4em" custom_css_toggle_icon="font-size: 34px;" border_width_all="0px" border_width_bottom="2px" border_style_bottom="dotted"]<ul>
<li>Any unused funds at the end of the year are yours to keep for future medical expenses</li>
<li>You can take your HSA balance with you if you leave Ingram</li>
</ul>[/et_pb_toggle][et_pb_toggle title="Ways to Use HSA" open_toggle_background_color="#ffffff" closed_toggle_background_color="#ffffff" icon_color="#68bd45" admin_label="Toggle -- Key features of the HSA" _builder_version="3.29.2" title_text_color="#8f8f8f" title_font="|700|||||||" title_font_size="20px" title_line_height="1.2em" body_font_size="15" body_line_height="1.4em" custom_css_toggle_icon="font-size: 34px;" border_width_all="0px" border_width_bottom="2px" border_style_bottom="dotted"]<p>You choose how to pay for services:</p>
<ul>
<li>Use the WageWorks Healthcare Card at the time of service</li>
<li>Reimburse yourself</li>
<li>Pay your provider</li>
</ul>[/et_pb_toggle][et_pb_toggle title="Invest in the HSA" open_toggle_background_color="#ffffff" closed_toggle_background_color="#ffffff" icon_color="#68bd45" admin_label="Toggle -- Key features of the HSA" _builder_version="3.29.2" title_text_color="#8f8f8f" title_font="|700|||||||" title_font_size="20px" title_line_height="1.2em" body_font_size="15" body_line_height="1.4em" custom_css_toggle_icon="font-size: 34px;" border_width_all="0px" border_width_bottom="2px" border_style_bottom="dotted"]<ul>
<li>Once your HSA balance reaches $1,000, you have investment options</li>
<li>Several investment funds are available online – while investments do not guarantee a return, every effort is made to provide choices that help your savings grow</li>
<li>Some investment options charge a small fee, just like an IRA</li>
</ul>[/et_pb_toggle][/et_pb_column_inner][/et_pb_row_inner][/et_pb_column][et_pb_column type="1_3" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_blurb title="YOUR HSA TRANSITION TO HEALTH EQUITY" admin_label="HSA Announcement" _builder_version="4.4.2" header_text_color="#00529c" header_font_size="22px" body_font_size="18px" background_color="#efefef" custom_padding="5%|5%|5%|5%|true|false" hover_enabled="0" url="#" url_new_window="on"]<p>Your HSA with WageWorks will be transitioning banks from BNY Mellon to HealthEquity. This change is happening because HealthEquity bought WageWorks. </p>
<p>The transfer of funds will occur automatically on May 21, 2020, but your regular payroll deductions will continue as scheduled.</p>
<h3>IMPORTANT DATES</h3>
<ul>
<li>May 8, 2020 - Last day to make contributions to your WageWorks HSA</li>
<li>Week of May 11, 2020 - You will receive your HealthEquity welcome kit in the mail</li>
<li>May 14, 2020 - Last day to use your WageWorks HSA debit card</li>
<li>May 21, 2020 - HealthEquity becomes your new HSA custodian</li>
<li>May 22, 2020 - Funds available to use on your HealthEquity debit card</li>
</ul>
<p>For any immediate questions about the transition, please visit <a href="https://www.healthequity.com/bnymellon2/members/" target="_blank" rel="noopener noreferrer">healthequity.com/bnymellon2/members</a>. You can also call HealthEquity Member Services at <a href="tel:18443516849">844.351.6849</a>. They are available 24/7.</p>[/et_pb_blurb][et_pb_text admin_label="Text--connect boilerplate NO top rule" _builder_version="3.29.2" link_font="|700|||||||" ul_font_size="16px" header_3_font="|||on|||||" header_3_text_color="#235069" header_3_font_size="18px" header_3_line_height="1.2em" min_height="109px" custom_margin="||0px||false|false" custom_padding="0px||0px|||" saved_tabs="all"]<h3>Contact WageWorks</h3>
<ul>
<li><a href="http://www.wageworks.com" target="blank" rel="noopener noreferrer">www.wageworks.com</a></li>
<li>877-924-3967</strong></li>
</ul>[/et_pb_text][et_pb_image src="http://www.ingrambenefits.com/wp-content/uploads/2019/09/istockphoto-510303506-612x612.jpg" _builder_version="3.29.2"][/et_pb_image][/et_pb_column][/et_pb_section]