IRS raises Health Savings Account (HSA) limits in 2025
The Internal Revenue Service (IRS) has announced the inflation-adjusted figures that apply to HSA contributions in calendar year 2025 and the minimum deductible and maximum out-of-pocket for HSA-qualified medical plans that begin in 2025.
Access the full IRS 2024 HSA announcement.
Contribution limits
The maximum contribution to an HSA in 2025 increases from $4,150 to $4,300 for self-only coverage and from $8,300 to $8,550 for family coverage. The catch-up contribution for HSA owners who are age 55 or older on or before Dec. 31, 2025, remains at $1,000.
In addition, for certain Health Reimbursement Arrangements (HRAs), the following has been updated for 2025: EBHRA maximum new employer contribution limit has been updated to $2,150.
Statutory minimum annual deductible
High deductible health plans (HDHPs) that renew during calendar year 2025 must have a minimum annual deductible of $1,650 for self-only (up from $1,600 in 2024) and $3,300 for family coverage (up from $3,200 in 2024). All services except those that are recognized under federal tax law as preventive care must be applied to the deductible.
Statutory annual out-of-pocket maximum
The statutory annual out-of-pocket maximum increases to $8,300 for self-only coverage and $16,600 for family coverage. This higher limit applies to plans that renew during calendar year 2025. The ceiling applies to covered in-network services only — including deductibles, co-payments (but not premiums). Plans with an out-of-network level of benefits aren’t restricted by federal law to a maximum (though state laws may impose out-of-pocket ceilings).
What these changes mean for employers
No action is required immediately. HSA-qualified plans that renew on or after Jan. 1, 2025, must have an in-network deductible no lower than $1,650 or $3,330. The in-network out-of-pocket maximum for covered services can be increased to the new higher limits.
To learn more about Voya HSAs and our other Health Account Solutions, connect with your Voya representative today.
Update as of 10/22/24:
The IRS released on 10/22/24 the 2025 contribution limits for Flexible Spending Accounts (FSAs), Commuter Benefits, Adoption Assistance and more. The IRS also increased the FSA carryover limit for 2025.
The new 2025 limits are:
| FSA-Medical | $3,300 per year |
| FSA-Limited Purpose | $3,300 per year |
| FSA-Dependent Care | $2,500 married and filing separately, per year $5,000 other than married and filing separately, per year |
| FSA-Carryover Limit | $660 per year |
| Commuter Benefits - Parking | $325 per month |
| Commuter Benefits - Transit | $325 per month |
| Adoption Assistance | $17,280 per year |
| QSEHRA (Qualified Small Employer HRA) | Single: $6,350 per year Family: $12,800 per year |
| HSA (previously announced) | Single: $4,300 per year Family: $8,550 per year |
This information is provided by Voya for your education only. Neither Voya nor its representatives offer tax or legal advice. Please consult your tax or legal advisor before making a tax-related investment/insurance decision.
Health Savings Accounts offered by Voya Benefits Company, LLC (in New York, doing business as Voya BC, LLC). Custodial services provided by Voya Institutional Trust Company.
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