2025 Health Savings Account (HSA) Adjustments: What You Need to Know
The Internal Revenue Service has released inflation adjustments for Health Savings Accounts (HSAs) in connection with high-deductible health plans (HDHPs) for 2025. These changes could impact how much you’re able to contribute to your HSA next year, offering more flexibility as you plan for medical expenses.
Key Contribution Limits for 2025
For 2025, the IRS has raised the annual contribution limits for HSAs:
- Individual coverage: Up to $4,300 (a $150 increase from 2024)
- Family coverage: Up to $8,550 (a $250 increase from 2024)
Additionally, if you're age 55 or older, you can take advantage of the catch-up contribution, allowing you to add an extra $1,000 to either your individual or family coverage.
High-Deductible Health Plan (HDHP) Requirements for 2025
To be eligible to contribute to an HSA, you must be enrolled in a qualified HDHP. In 2025, the IRS is adjusting the minimum deductible requirements for HDHPs:
- Self-only coverage: The deductible must be at least $1,650 (up from $1,600 in 2024)
- Family coverage: The deductible must be at least $3,300 (up from $3,200 in 2024)
The maximum out-of-pocket limit for HDHPs in 2025 will also see an increase:
- Self-only coverage: $8,300 (up from $8,050 in 2024)
- Family coverage: $16,600 (up from $16,100 in 2024)
These updates ensure your plan remains in line with inflation. Be sure to review your coverage and HSA options as you plan for the year ahead.
If you have questions about your HSA or are interested in setting one up, we’re here to help! Schedule an appointment today!
