Boost Your Financial Well-Being
With some fairly simply planning, you can boost your financial well-being in 2018—especially since the IRS increased the 401(k) contribution limit. Individuals can now contribute $18,500 per year before tax (a $500 increase from 2017).
For the large majority of BMC employees who are enrolled in the HSA medical plan, the IRS annual contribution limit for HSA accounts also increased in 2018. Individuals can now contribute $3,450 per year (a $50 increase from 2017), while those with family coverage can sock away up to $6,900 (a $150 increase from last year). An HSA allows you to save money on a before-tax basis. Once you reach age 65, you can use that money anytime in the future on medical expenses; you’re never taxed on it. Plus, the account follows you if you change jobs —it’s tied to you, not BMC.
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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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