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Employees participating in the College’s Consumer-Driven Health Plan (CDHP), which is paired with a Health Savings Account (HSA) should note that the maximum annual deposit amounts allowed to Health Savings Accounts will increase for 2014 as follows:

Election Limits

2014

HSA Contribution Limit (College + employee) Individual: $3,300
Two-Person/Family: $6,550
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, employees who are participating in the Bennington College Consumer-Driven Health Plan (CDHP) as of January 1, 2014, will receive the College’s contribution to their HSA accounts on January 2, 2014. If you wish to make a change to your HSA contributions, please contact Noel Volpi (802-440-4362).