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Showing posts with the label Health Savings Account Limits

2025 Health Savings Account (HSA) Limits

  Employees will be able to sock away more money in their health savings accounts (HSAs) next year, thanks to rising inflation. The annual limit on HSA contributions for self-only coverage in 2025 will be $4,300, a 3.6 percent increase from the $4,150 limit in 2024, the IRS announced May 9. For family coverage, the HSA contribution limit will jump to $8,550, up 3 percent from $8,300 in 2024. IRS Announces 2025 HSA, HDHP Limits SHRM | May 2024 Effective date: 1/1/25 IRS Revenue Procedure 2024-25 Additional Articles IRS announces 2025 HSA/HDHP and excepted benefit HRA limits Buck | May 2024 IRS Announces 2025 Limits for Health Savings Accounts, High-Deductible Health Plans and Excepted Benefit HRAs McDermott | May 2024 IRS Releases 2025 HSA Contribution Limits and HDHP Deductible and Out-of-Pocket Limits Woodruff | May 2024 2023 Health Savings Account (HSA) Limits IRS Gives Big Boost to HSA, HDHP Limits in 2024 SHRM | May 2023 IRS Revenue Procedure 2023-23 Source(s): SHRM, (originall...