HSA and Health Care FSA changes
Increased HSA and Health Care FSA contribution limits
2020 HSA contributions:
* If you turn age 55 by December 31, 2020, you can contribute an additional $1,000.
2020 Health Care FSA and Limited Use Health Care FSA: The maximum employee annual contribution will be $2,700, up from $2,650.
Health Care FSA match discontinued
As announced last year, Schneider Electric will no longer match employee contributions to the Health Care Flexible Spending Account (FSA). We’re reallocating those dollars toward other benefit programs and enhancements. Remember: Schneider Electric contributes to your HSA if you elect one of the CDHP + HSA options.
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Your 2020 Benefits Guide