If you participate in a Schneider Electric CDHP medical option, are eligible for an HSA and contribute at least $100 annually for employee only coverage or at least $200 annually for family coverage, Schneider Electric contributes to your account in late January.1 Schneider Electric’s and your combined contributions cannot exceed IRS limits as shown below.
If you participate in a Schneider Electric GeoBlue CDHP medical option, are eligible for an HSA and contribute at least $100 annually for employee only coverage or at least $200 annually for family coverage, Schneider Electric contributes to your account in late January.1 Schneider Electric’s and your combined contributions cannot exceed IRS limits as shown below.
Getting started
If you enroll in a CDHP option, you will be prompted to review and accept the eligibility rules associated with the HSA. You will need to actively select the HSA and a contribution amount.
If you enroll in a CDHP option, you will be prompted to review and accept the eligibility rules associated with the HSA. You will need to actively select the HSA and a contribution amount.
Key features of an HSA
- Get triple tax savings:
- Contributions are tax-free: both Schneider Electric’s and yours.
- Money grows tax-free with interest/earnings.
- Withdrawals are tax-free for eligible expenses.
- Decide if you want to contribute: In general, you can start, change or stop your contributions anytime during the year at se-benefitslink.com.*
- Use now or save: When you incur eligible expenses, you decide…
- If you want to use HSA dollars to pay the expense (funds are available when they’re posted to your account), or
- Pay out of your own pocket and save your HSA dollars for future expenses.
- Money is always yours: Because any unused money in your HSA rolls over from year to year, you can save the money in your HSA to use in the future, even if you leave the Company or retire.
- Invest your money: If you have at least $1,000 in your account, you can invest in a variety of mutual fund options made available by Inspira Financial, the HSA custodian. To access your account and for more information, visit inspirafinancial.com.
* If you would like to receive the Company HSA contribution, you must contribute the minimum amount before stopping your contributions.
2025 HSA contribution limits
| Who is covered | Schneider Electric contribution2 | + | Your maximum contribution3, 4 | = | 2025 IRS maximum contribution |
|---|---|---|---|---|---|
| Employee only | $700 | + | $3,600 ($100 minimum to get Company contribution) |
= | $4,300 |
| Family | $1,400 | + | $7,150 ($200 minimum to get Company contribution) |
= | $8,550 |
-
- For employee only coverage, this is approximately $4.17 per paycheck if paid semi-monthly or $1.93 per paycheck if paid weekly. For family coverage, this is approximately $8.34 per paycheck if paid semi-monthly or $3.85 per paycheck if paid weekly. If you’re a new hire or newly eligible for benefits and enroll in a CDHP medical option, you won’t be required to make the minimum contribution to your HSA in the year you’re hired or become newly eligible to receive the Company HSA contribution; however, if you don’t make the minimum contribution during subsequent Annual Enrollment periods, you will not receive the Company contribution.
- Contributions for new hires will be prorated and deposited based on your effective date for medical coverage.
- If you turn age 55 by December 31, 2025, you can contribute an additional $1,000.
- Benefit Bucks applied toward your HSA will count toward your maximum contribution limit and are applied to your HSA per pay period.
Are you eligible?*
To be eligible for an HSA:
- You must be enrolled in a CDHP medical option; and
- You must be a U.S. citizen, Green Card holder, or H1-B or L-1 visa holder with a U.S. residential address.
You cannot be:
- Covered by any medical plan that is not a consumer-directed health plan, including your spouse’s or domestic partner’s plan;
- Covered under a general FSA through your spouse’s or domestic partner’s plan (however, you may participate in a Limited-use Health Care FSA specifically for dental and vision expenses);
- Claimed as a dependent on someone else’s taxes;
- Enrolled in Medicare (including retroactive Medicare coverage);
- Covered by TriCare, TriCare for Life, or Medicaid;
or - The recipient of VA benefits within the last three months unless you have a disability rating from the VA.
*The IRS regulates HSA eligibility; if this information conflicts with IRS guidance, IRS regulations govern.