An HSA is a great way to save money and invest in your future. This account has a triple tax advantage—you set aside money into the account tax-free, the money grows tax-free once it’s in the account, and when you take your money out, you spend it tax-free on eligible health care expenses.
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If you elect the HSA, Entegris will contribute to your account, and you can also contribute money on a pre-tax basis through payroll deductions. You are not required to contribute any funds to receive the Entegris contribution. However, you must have an open and active HSA account with Fidelity.
The chart below shows how contributions can add up relative to IRS limits:
|
Contributions |
Employee Only coverage |
Employee + Spouse, Employee + Child(ren), or Family coverage |
|
|---|---|---|---|
|
Entegris contributions* |
$500 |
$1,000 |
|
|
Maximum IRS limit for 2026 (includes Entegris contributions) |
$4,400 |
$8,750 |
|
|
Catch-up contributions if age 55 or older |
Additional $1,000 |
Additional $1,000 |
|
* For newly eligible employees, the Entegris contributions will be prorated based on the effective date of your HSA. You must open an account in order to receive the Entegris contributions.
Please note: If you elect the HSA, IRS regulations don’t allow you or your covered spouse to contribute to a Health Care FSA at the same time, in the same plan year. You also cannot be enrolled in other health coverage or be claimed as a dependent on someone else’s tax return. You may enroll in the Limited Purpose FSA to pay for dental and vision expenses.
If you enroll in the HDHP Option 1 or the HDHP Option 2, you will receive instructions from Fidelity about how to open your HSA to receive Entegris contributions.
You can increase or decrease your annual election at any time by updating your election amount at your Health & Insurance tile on www.NetBenefits.com.
Be sure to designate a beneficiary for your HSA on www.NetBenefits.com.
Funds in your HSA can be used to pay for eligible health care expenses, including medical care not covered under the HDHP Option 1 or Option 2, as well as out-of-pocket costs like annual deductibles and coinsurance for you and your eligible dependents.
See IRS Publication 502 for a list of eligible expenses.
