November 2, 2022
Human Resources shares important information for HSA Bank account holders
The deadline to make changes to health savings accounts (HSAs) is Nov. 10. Employees are asked to review their HSA contributions and university contributions – including incentive pay from the Healthy Boiler Incentive Program – and make any adjustments via Benefitfocus. Doing so by the deadline ensures that changes are processed in time for the end of the calendar year so employees do not exceed 2022 IRS annual contribution limits.
If an employee’s spouse also receives or makes contributions to an HSA through Purdue or another employer, both must collectively adhere to the family contribution limit.
As a reminder, the 2022 limits for total combined HSA contributions are:
- $3,650 for employee-only coverage.
- $7,300 for family coverage (employee + one or more).
The following resources are available to assist employees:
HSA Bank cards
New cards will not be sent from HSA Bank unless the date on an individual’s current card has expired.
Questions
Any questions on HSA contributions can be directed to Human Resources at 765-494-2222, toll-free at 877-725-0222 or via email at hr@purdue.edu.
