2021 Health Savings Account (HSA) contributions
* If you turn age 55 by December 31, 2021, you can contribute an additional $1,000.
GOOD NEWS! Schneider Electric will deposit the full HSA Company contribution to your account by the end of January. Remember, use your HSA to save and pay for eligible health care expenses tax-free — now and in the future.
2021 Health Care FSA and Limited Use Health Care FSA: The maximum employee annual contribution will be $2,750, up from $2,700.
Dependent (Day) Care FSA limit for highly compensated employees: Due to IRS compliance requirements, highly compensated employees (those who generally earn more than $125,000 per year) will be limited to a $4,000 maximum contribution per calendar year.