Employee HSA limits increased
Employees who are enrolled in the Consumer-Directed Health Plan (CDHP) this announcement is for you!
The Health Savings Account (HSA) maximum contribution limits have increased for the new year. If you have an HSA account and wish to make changes for 2021, please complete the HSA Enrollment Form via NextGen.
Now, employees with individual healthcare can contribute up to $3,600 per year to an HSA and employees with a family plan can contribute up to $7,200.
If you are on the CDHP plan, but have not signed up for an HSA, you may do so at any time by completing the HSA Enrollment Form via NextGen. Enrollment in the HSA is optional and contributions can be changed, stopped, and restarted throughout the calendar year.
For more information about the Health Savings Account, please visit the Benefits website.