Skip to main content

BREAKING NEWS: IRS Announces 2025 HSA, HDHP Limits

To view this email as a webpage, click here.

                                                           
 
 
You’re just getting started.
Access compliance alerts, tools and more.
 
 
 
 
 
Alert
 
 
The annual limit on health savings account (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 today. For family coverage, the HSA contribution limit will jump to $8,550, up 3 percent from $8,300 in 2024.

The jump in the contribution limits is significantly less than the roughly 7 percent increase seen from 2023 to 2024.

SHRM's 2023 Employee Benefits Survey found that 64 percent of employer respondents offer a high-deductible health plan that is linked with a savings or spending account, like an HSA, and 63 percent of those employers offer contributions to their employees' accounts. The average individual-only annual contribution is $1,012, according to SHRM, while the average family annual contribution is $1,585.
 
 

Comments

Archive

Show more

Popular posts from this blog

The Current Job Market Demands a Strong Talent Strategy

Join us in Las Vegas or Virtually on April 14-17       Last Chance to Register! Talent 2024 begins in:     Invest in Your People and Your Future     In today's competitive job market  with low unemployment rates, keeping your employees happy and engaged is critical for your organization's success. Simply surviving isn't enough . To thrive, you need to focus on future-planning and develop a strong talent strategy . By investing in employee retention and experience , you're ensuring you have a skilled and motivated workforce. This will help you navigate ...

How to Craft an AI-Appealing Resume, Confronting Gender Bias in the Workplace, Supporting Innovation, more

Try using AI to enhance your resume, but be sure to avoid these missteps. To view this email as a webpage, click here.                                                                     SHRM's HR Daily April 2, 2024       You’re just getting started. Access compliance alerts, tools and more. JOIN NOW       ...

LAST CHANCE: FREE Tote, Pen & Surprise Gift with Membership

What are you waiting for? Join today and get full access to SHRM member benefits.   This is the last chance to get a FREE tote, pen, and surprise bonus gift when you join SHRM! A very, very long list of SHRM member benefits awaits you. Use promo code HRTOTE24 at checkout to claim your swag items.* Then use your membership to claim these benefits. READY, SET ... State & Local Compliance Updates Ask An Advisor Express Requests Forms and Checklists How-To Guides HR Q&As Sample Interview Questions Sample Job Descriptions HR Toolkits Interactive Tools Resource Hub Pages SHRM Research Reports HR Magazine 20% off SHRM Educational Products 20% off SHRM Events Networking on SHRMConnect ... and more!   JOIN TODAY   ...