BMC will contribute the remaining 50% of the company’s total annual contribution to Health Savings Accounts (HSAs) in July.
Mid-year is a good time to check your HSA balance. If you won’t reach the IRS annual limit by year-end, consider making your own contributions to your HSA to add to what BMC contributes. It’s a helpful tax-free way to manage health care costs before meeting your deductible.
You can check your balance and change your contributions on the My BMC Benefits & Compensation website, click on Your Benefits Resources and follow these steps to make the change. You can also call 1-877-262-4849 and select Your Spending Accounts.
HSA contribution changes take effect on the first day of the following month, depending on the payroll deadline. See the Payroll processing deadlines here or from the BMC Digital Workspace by clicking through this path: My Resources > Benefits > U.S. Payroll > Information and Policies > 2017 Cut-off Schedule.
New to BMC?
To avoid over-contributing you need to know how much you put in your Health Savings Account at your last job and add these amounts to your current BMC contributions; both amounts count toward the IRS annual limits.
Watch the video to learn more about the benefits of contributing more to your Health Savings Account.
MyBMC Rewards provides a snapshot of your pay, retirement benefits, health and insurance benefits and corporate programs. Visit MyBMC Rewards to:
Go online anytime or call 877-262-4849. Representatives are available from Monday through Friday, 8 a.m. to 9 p.m., Eastern time.
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