HSA and health care FSA changes

2021 Health Savings Account (HSA) contributions

* If you turn age 55 by December 31, 2021, you can contribute an additional $1,000.

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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.

Questions

Contact PeopleLink for assistance in English and Spanish.

Call: 877-248-2998
(Monday through Friday, 6 a.m. to 6 p.m. Central time during Annual Enrollment)

Visit support@Schneider.

For more information

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Get rewarded for your healthy habits.

Available to you and your spouse (if they’re covered on a Schneider Electric medical plan), Virgin Pulse can help you prioritize well-being goals and activities each day.

  • Healthy habits: Select healthy habits you want to focus on and track your progress.
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  • Activity tracking: Tracking activities through Virgin Pulse – like steps, workouts and sleep – helps you visualize your progress and earn rewards! Track easily by syncing on your phone or on your activity tracker, or enter your activities manually.
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Hear how Kara Greer uses the workout reminders from Virgin Pulse.