- Psychological Well-Being
- Bright Horizons
- Work/Life Solutions
- Health Advocacy
- Flexible Spending Accounts
- 401k and ESOP
- Employee Retirement Account
- Tuition Reimbursement
- Adoption/Surrogacy Reimbursement
- Short-term Disability (Salary Continuation)
- Long-Term Disability
- Paid Family Leave
- Accidental Death & Dismemberment
- Life Insurance
- Business Travel Accident
- Voluntary Benefits
- Paid Time Off
- Milk Stork
- Personal Travel Assistance
Five Things You Should Know About the HSA Account
You need to open an account to participate. When you enroll in the HSA Plan for the first time, you’ll be prompted to accept the terms of opening your HSA during the benefits enrollment process. If you do, it will be opened automatically. If you do not accept the terms and conditions, an account will not be opened for you, which means you cannot contribute and you cannot receive Cargill contributions. After opening an account, you’ll receive tips for using your account throughout the year.
If you’re enrolled in the HSA plan and want to contribute to your HSA account, you must elect your contribution amount each year during Open Enrollment. Your contribution election will default to $0 effective January 1, if you don’t actively make an election. You also can change your contribution at any time during the year.
Cargill contributes to your account – and you can, too. Cargill's contribution amount depends on the rate tier you select. For specific rate information, refer to the New Hire Guide and enrollment resources sent to you from the Cargill Benefit Service Center.
The HSA is for qualified health care expenses for you, your spouse and any dependents you claim on your federal tax return. Note: Unless your covered dependent also meets the IRS definition of a “qualifying child” or “qualifying relative” (i.e., lives with you for more than half the year and provides less than half of his/her own support), funds from your HSA used for his/her eligible medical expenses may be subject to regular income tax plus a 20% penalty tax.
The HSA offers investment options. Once your account balance reaches $1,500, you can choose to invest the money above that amount in the investment funds offered through the account.
- The HSA has an impact on the Health Care Flexible Spending Account (FSA). If you are enrolled in the HSA plan and you contribute to the Health Care FSA, the Health Care FSA becomes limited purpose, meaning you can only use the dollars for dental and vision expenses.
Disclaimer: If there are any differences/discrepancies between the information on this website (www.cargill.com/myhealth and all related pages) and the information in the plan documents and/or summary plan descriptions (SPDs), the information in the plan documents/SPDs will overrule. Employees will receive information on how to access SPDs based on their benefits eligibility.