The University of Colorado’s Health Savings Account record keeper will change from Wells Fargo to Optum Bank on Jan. 1, 2017.
As part of this transition, the University will change its HSA enrollment from a fiscal year (July 1 to June 30) to a calendar year (Jan. 1 to Dec. 31).
That’s why a limited HSA enrollment is being held between now and Dec. 9. During this time, current HSA enrollees can select how much money they would like to place into an HSA for 2017. The 2017 HSA contribution limits are $3,400 for an individual and $6,750 for a family. Employees over age 55 may contribute an additional $1,000 per year.
If you have questions, visit the Employee Services’ website for more details.