blue piggy bank with a stethoscope draped over it, representing health savings accounts

    IRS increases HSA and HDHP limits for 2025

    Authored by Bukaty Companies on May 13, 2024

    The Internal Revenue Service (IRS) recently announced the 2025 health savings account (HSA) contribution limits. Effective January 1, 2025, individuals with self-only coverage can contribute up to $4,300 annually to their HSA. Those with family coverage may contribute up to $8,550 annually.

    HSAs are tax-exempt accounts that help people save money for eligible medical expenses. To qualify for an HSA, the policyholder

    • must be enrolled in an HSA-qualified, high deductible health plan (HDHP),
    • must not be covered by other non-HDHP health insurance or Medicare, and
    • cannot be claimed on a tax return.

    The IRS did not note the 2025 HSA catch-up contribution for policy holders age 55 and over. The current 2024 limit is $1,000.

    For additional information, contact your Bukaty benefits consultant at 913.345.0440.


    Blog Category: HSA