If you elect a CDHP medical option, Dover will contribute to your HSA.
You can also elect to make your own pre-tax contributions through payroll deductions. IRS limits apply. If you want HSA contributions to begin with the first payroll in January, you must choose your HSA contribution amount during annual enrollment. You can begin, change or stop contributions anytime
during the year.
Contribution limits: The maximum annual HSA contribution (employee and employer contributions combined) is $3,600 per year for
Employee Only coverage and $7,200 for Family coverage. Those age 55 or older may contribute an additional $1,000 annually. Elections do
not automatically carry over from year to year.
Dover contributions: The chart below outlines Dover’s contributions and when those funds will be available in your HSA during 2021.
Note: This chart applies to employees who are benefit-eligible and enrolled on 1/1/2021. If you are a new hire or have a qualifying status change and you are eligible on the first business day of the quarter, you will receive employer contributions for that quarter on the dates listed below. See your enrollment materials and Dover.bswift.com for eligibility requirements.