The IRS recently released inflation adjustments (Rev. Proc. 2024-25) for health savings accounts (HSAs) and certain health reimbursement arrangements (HRAs) for calendar year 2025.
The annual HSA contribution limits under Section 223(b)(2) for 2025 will be:
- $4,300 for self-only coverage (up from $4,150 in 2024)
- $8,550 for family coverage (up from $8,300 in 2024)
In addition, a qualifying high deductible health plan must have an annual deductible in 2025 of at least $1,650 for self-only coverage or $3,300 for family coverage (up from $1,600 and $3,200 in 2024, respectively), and annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) cannot exceed $8,300 for self-only coverage (up from $8,050 in 2024) or $16,600 for family coverage (up from $16,100 in 2024).
Rev. Proc. 2024-25 also provides that for plan years beginning in 2025, the maximum amount that may be made newly available in the plan year for excepted benefit HRAs is $2,150 (up from $2,100 in 2024).
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