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 2015 as follows:
- HSA Contribution Limit (combined College contribution and employee contribution)
• Individual: $3,350
• Two-Person/Family: $6,650
- 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.
Employees who are participating in the Bennington College Consumer-Directed Health Plan (CDHP) as of January 1, 2015, will receive the College’s contribution to their HSA accounts on January 2, 2015. 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 Noel Volpi in the Payroll Office (Barn 101). Please contact Noel Volpi (802-440-4362) with questions.