On May 9, the Internal Revenue Service (IRS) released Revenue Procedure 2024-25, listing the 2025 inflation-adjusted amounts applicable to health savings accounts (HSAs), high deductible health plans (HDHPs), and excepted benefit health reimbursement arrangements (HRAs). The inflation adjustments take effect, generally, in 2025 or for plan years beginning in 2025.

The new inflation-adjustment amounts are:

HSAs: The self-only coverage HSA contribution limit for calendar year 2025 will be $4,300. For family coverage the limit will be $8,550. To contribute to an HSA, the person must be covered by an HDHP.

HDHPs: For calendar year 2025, an HDHP must have an annual deductible of at least $1,650 for self-only coverage, and $3,300 for family coverage. Out of pocket expense limitations (deductibles, copays, and other amounts, but not premiums) are $8.300 for self-only coverage and $16,600 for family coverage.

HRAs: For plan years beginning in 2025, no more than $2,150 can be made newly available for an excepted benefit HRA.

Prospects: Each year the IRS releases adjusted limits applicable to HSAs, HDHPs, and HRAs. This is the annual inflation adjustment announcement.

NAIFA Staff Contacts: Jayne Fitzgerald – Director – Government Relations, at jfitzgerald@naifa.org; or Michael Hedge – Senior Director – at mhedge@naifa.org.