Benefit Tip – HSA Contribution Limits set by the IRS

If you are enrolled in Employee only coverage on the HSA, the annual contribution limit is $3,350, including the $750 ACU contributes. If you are enrolled in Employee plus dependents coverage, the annual contribution limit is $6,750, including the $1,500 ACU contributes. If you are 55+, you are allowed to contribute an additional $1,000 per year. If you and your spouse work at ACU and are both on ACU’s health insurance, the annual contribution limit for your family is $6,750 regardless of which plans you are enrolled in. You can make changes to your HSA contributions at any time by completing the HSA Contribution Change Form, and turning it into the HR office, Box 29106.