Benefits Changes You Can Make at Any Time
Did you know that you can change the amount you contribute to your HSA as often as you want during the year? You’re not locked into the contribution amount you elected during the benefits enrollment period.
The HSA is flexible to help you with changing needs and priorities during the year. Let’s say your budget is tight for a month or two. You might consider lowering your HSA contributions for a few months to help with your immediate cash flow needs. (Remember that you’ll miss out on the tax advantages the HSA provides.) If you’ve got some “wiggle room” in your budget, increase your HSA contributions. You will get more significant tax savings and grow your balance faster. HSA changes you make are effective the first of the following month.
You can also change your 401(k) contribution percentage or investment allocations at any time. To access your account through Fidelity, go to NetBenefits.com or call Fidelity at 1-866-546-4424. The BMC 401(k) Deferral Calculator can help you determine a savings strategy to optimize your 401(k) contributions. Remember, it’s essential to make sure you are contributing at a level and frequency to receive all your eligible BMC company matching contributions throughout the year. Read more or watch this quick video to learn more.
Copyright © 2024 BMC Software. All Rights Reserved |
Disclaimer
Disclaimer:
The content on this site includes links to tools and information that are not the property of BMC Software, and BMC Software is not responsible for their accuracy, completeness or continued availability. Some of the material contained in this site is based on official plan documents. It is not, nor is it intended to be, the legal plan document or a contract between the company and any employee or contractor. Every effort has been made to ensure the accuracy of this material. In the unlikely event that there is a discrepancy between the site and the official plan documents, the official plan documents will control. BMC Software reserves the right to amend or terminate the plan(s) or program(s) at any time. If you believe the benefits do not describe those available to you, contact the Benefits Center at 877-BMC-4849.
Copyright © BMC Software. All Rights Reserved
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