[et_pb_section fb_built="1" fullwidth="on" _builder_version="3.22.3" custom_padding="0|0px|0|0px|false|false" collapsed="off"][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="4.6.0" 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/2020/05/ingram-HSA-header-052120.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" collapsed="off"][et_pb_column type="2_3" specialty_columns="2" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_row_inner admin_label="Intro Row" _builder_version="4.4.2" custom_margin="||0px|" custom_padding="0px||0px|" collapsed="on" custom_css_before_last_edited="on|desktop"][et_pb_column_inner saved_specialty_column_type="2_3" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_text admin_label="Intro Text" _builder_version="4.6.0" 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;"><img class="wp-image-2233 alignright " src="http://www.ingrambenefits.com/wp-content/uploads/2020/08/new-card-image.png" alt="" width="174" height="110" data-mce-fragment="1" />An HSA works like a personal savings account, but the money can only be used for <a href="https://learn.healthequity.com/qme/" target="blank" rel="noopener noreferrer">qualified medical expenses</a>.​</p>[/et_pb_text][/et_pb_column_inner][/et_pb_row_inner][et_pb_row_inner custom_padding_last_edited="on|phone" admin_label="Toggle Row" _builder_version="3.25" custom_padding="15px||38px||false|false" custom_padding_tablet="||14px|" custom_padding_phone="||0px|" collapsed="off"][et_pb_column_inner saved_specialty_column_type="2_3" _builder_version="3.25" custom_padding="|||" custom_padding__hover="|||"][et_pb_text _builder_version="4.6.1" _module_preset="default" hover_enabled="0" sticky_enabled="0"]<h3>Contributions from Ingram</h3>
<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>
<h3>Your Contributions</h3>
<p>You can contribute through before-tax payroll deductions up to IRS limits:</p>
<ul>
<li>2021 HSA maximum contribution (including Ingram’s annual contribution)
<ul>
<li>Individual coverage: $3,600</li>
<li>Family coverage: $7,200</li>
</ul>
</li>
<li>If you are age 55 or older, you can contribute an additional $1,000</li>
</ul>
<h3>Special Eligibility Rules</h3>
<p>In order to qualify for the HSA, you and your covered dependents must meet all the following requirements:</p>
<ul>
<li>You can’t be covered by another medical plan (like your spouse’s plan) that does not qualify as a “high-deductible health plan.”</li>
<li>You can’t be claimed as a dependent on someone else’s tax return, except as a spouse.</li>
<li>You can’t be covered by Medicare.</li>
<li>You can’t have received Veterans Administration health benefits in the past three months, other than for preventive care.</li>
<li>You can’t be active in the military and covered by Tricare.</li>
<li>You are not eligible for the HSA if your medical expenses are eligible for reimbursement under the terms of your spouse’s Health Care FSA.</li>
</ul>
<h3>Setting up an HSA</h3>
<ul>
<li>If you enroll in the Health Savings Option (HSO) plan, an HSA will be created for you by HealthEquity (the HSA financial custodian)</li>
<li>Because the HSA is an individual bank account, HealthEquity will need to verify your identity to establish your account. This verification is automatic, but if they contact you, it means they need additional information in order to set up your account and you need to respond</li>
<li>A HealthEquity HSA is required to receive the Ingram HSA contribution. If you contact HealthEquity and request to close your HSA, you will not be able to receive the Ingram HSA contribution</li>
</ul>
<h3>Triple Tax Benefits</h3>
<ul>
<li>Contributions to your HSA are made on a before-tax basis (reducing the taxes that you pay) and come straight out of your paycheck</li>
<li>Interest earned on your HSA account, including interest from HSA investments, is tax-free</li>
<li>Withdrawals from your HSA for qualified health care costs are tax free</li>
</ul>
<h3>Invest in the HSA</h3>
<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_text][/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_image src="http://www.ingrambenefits.com/wp-content/uploads/2020/08/hqy-ww.png" title_text="hqy-ww" _builder_version="4.6.0" _module_preset="default"][/et_pb_image][et_pb_button button_url="https://blog.healthequity.com/answers-to-the-top-10-questions-about-hsas" url_new_window="on" button_text="Learn more about HealthEquity HSA" _builder_version="4.6.0" custom_button="on" button_text_size="14px" custom_margin="10px||20px||false|false"][/et_pb_button][et_pb_image src="http://www.ingrambenefits.com/wp-content/uploads/2020/08/GettyImages-1035462566.jpg" _builder_version="4.6.0" _module_preset="default"][/et_pb_image][et_pb_text admin_label="Text--connect boilerplate NO top rule" _builder_version="4.4.2" link_font="|700|||||||" ul_font_size="16px" header_3_font="|||on|||||" header_3_text_color="#2f378e" 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 HealthEquity</h3>
<p><a href="http://www.myhealthequity.com/" target="blank" rel="noopener noreferrer">myhealthequity.com</a><br />844-341-6998</p>[/et_pb_text][et_pb_text _builder_version="4.6.1" _module_preset="default" hover_enabled="0" sticky_enabled="0"]<h3>Ways to use the HSA</h3>
<p>You choose how to pay for services:</p>
<ul>
<li>Use the HealthEquity HSA Card at the time of service</li>
<li>Reimburse yourself</li>
<li>Pay your provider</li>
</ul>
<h3>No "Use It or Lose It" Rule</h3>
<p>Any unused funds at the end of the year are yours to keep for future medical expenses. You can take your HSA balance with you if you leave Ingram.</p>
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