Health savings account limits
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 2017 as follows:
- HSA Contribution Limit (combined College contribution and employee contribution)
• Individual: $3,400
• 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 email@example.com or Angela DeLuca in the Human Resources Office (Barn 102). Please contact firstname.lastname@example.org if you have questions.