Are there maximum annual contributions for the accounts?
The Company imposes a $4,000 maximum annual contribution for the Health Care Account, and a $5,000 maximum annual contribution for the Dependent Care Account. If you and your spouse both participate in dependent care and/or health care reimbursement plan, the combination of contribution to either type of account cannot exceed $5,000. If you choose, you may contribute the maximum amount to both accounts.
Related Questions
- Is the HSA trustee or custodian responsible for determining whether contributions to an HSA exceed the maximum annual contribution for a particular account beneficiary?
- Aside from accounts, will there be published documents aimed at accountability, similar to business plans and annual reports?
- Are there maximum annual contributions for the accounts?
