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Employees participating in the College’s Consumer-Directed Health Plan (CDHP), which is paired with a Health Savings Account (HSA), should note that the maximum annual contribution amounts allowed to Health Savings Accounts will increase for 2016 as follows:

  • HSA Contribution Limit (combined College contribution and employee contribution)
    • Individual: $3,350
    • Two-Person/Family: $6,750
  • HSA Catch-up Contributions* (age 55 or older): $1,000
    *Catch-up contributions can be made any time during the year in which the HSA participant turns 55. Catch-up contributions do not count towards the HSA Contribution limit.

Please note, the maximum election limits above include both the employer and employee contributions combined. If you wish to make a change to your HSA contribution, please complete the HSA Payroll Deduction Authorization Form. Forms should be submitted to benefits@bennington.edu or Noel Volpi, Payroll/Benefits Specialist, in the Payroll Office (Barn 101). Please contact benefits@bennington.edu if you have questions.