Calendar Year 2025 - Health Savings Account (HSA) Limits Increased

The IRS has increase the maximum contribution to Health Savings Accounts (HSA) for calendar year 2025. 

• $4,300 individual
• $8,550 family

Employees over the age of 55 can also elect to contribute a $1,000 catch-up amount above and beyond the maximums listed above. To update your contribution, please complete a new salary reduction agreement. Contributions can start, stop, or change at any time. To be eligible for the HSA, you must be enrolled in a qualifying plan. At UA, our qualifying plan is the HDHP. If you are enrolled in coverage outside of UA and wish to open an HSA, it is your responsibility to confirm that you are eligible for the HSA. New HSAs that are opening for the first time must start on the first of the calendar month.

To be eligible for the family amount, employees must cover at least one other person on the plan. These funds cannot be used on Financially Interdependent Partners (FIPs) or FIP children. 

Emailed via benefits newsletter on 11/26/2024, 12/3/2024.
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