Starting in January 2025, the IRS will allow you to contribute more to your Health Savings Account (HSA) as part of its annual inflation adjustments. For individuals with self-only coverage under a high-deductible health plan (HDHP), the contribution limit will rise to $4,300, up from $4,150 in 2024. For those with family coverage, the limit will increase to $8,550, up from $8,300. Additionally, if you're 55 or older, you can contribute an extra $1,000 to your HSA.
The definition of a high-deductible health plan will also change. In 2025, the annual deductible for self-only coverage must be at least $1,650 (up from $1,600), and for family coverage, it must be at least $3,300 (up from $3,200). Out-of-pocket maximums will also rise, with self-only coverage capped at $8,300 and family coverage at $16,600.
These changes, outlined in Revenue Procedure 2024-25, will take effect in January 2025 and offer more flexibility for saving on healthcare costs.
IRS Increases HSA Contribution Limits for 2025 - CPA Practice Advisor
