Ingredion has partnered with Fidelity for Health Savings Accounts which allow you to save
and spend money for medical expenses with pre-tax dollars.
If you elect to enroll in the Health Savings Plan (HSP), Fidelity will contact you to complete the opening of your HSA and will then send you a debit card and a welcome kit with instructions on how to access any funds you have deposited into your HSA. IRS maximum contribution for 2023: $3,850 (single coverage) - $7,750 (family coverage).
If you enroll in the HSP, you will need to complete the necessary steps provided to you via e-mail from Fidelity or postcard mailed to your home. Once enrolled and you complete the account opening process on NetBenefits, you will receive a debit card from Fidelity that you can use to pay for medical expenses directly from your HSA.
Note: Any funds left in your HSA each year remain in your HSA for future years.
HSA Tax Advantages
When you enroll in and use your HSA for eligible medical expenses, you can save money! These accounts have tax advantages because you pay no taxes on:
Contributions you make to the account
Account interest or investment earnings
Money you withdraw to pay for eligible medical expenses