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ComplianceTax & AccountingJune 12, 2024

Health Savings Accounts: 2025 cost-of-living adjustments

By: Michael Schiller

Earlier this year, the Internal Revenue Service (IRS) released Revenue Procedure 2024-25 announcing cost-of-living adjustments (COLAs) applicable to Health Savings Accounts (HSAs) for 2025.

After application of the COLA rules, the contribution limits applicable to individuals who have self only or family HSA-eligible high-deductible health plan (HDHP) coverage will increase for 2025. Additionally, an increase in the minimum deductible amount and maximum out-of-pocket expense limits that are factors in determining whether a health plan is an HDHP will increase.

The following tables indicate the HSA regular contribution limits for 2025 and 2024:

HSA Regular Contribution Limits for 2025
HDHP Coverage Standard Limit Catch-Up Contribution Contribution Limit if Age 55 or Older
Self-Only $4,300 $1,000 $5,300
Family $8,550 $9,550
HSA Regular Contribution Limits for 2024
HDHP Coverage Standard Limit Catch-Up Contribution Contribution Limit if Age 55 or Older
Self-Only $4,150 $1,000 $5,150
Family $8,300 $9,300

The following tables indicate the HDHP minimum deductible and maximum out of pocket expense amounts for 2025 and 2024:

HDHP Requirements for 2025
HDHP Coverage Minimum Deductible Out-of-Pocket Expense Limit
Self-Only $1,650 $8,300
Family $3,300 $16,600
HDHP Requirements for 2024
HDHP Coverage Minimum Deductible Out-of-Pocket Expense Limit
Self-Only $1,600 $8,050
Family $3,200 $16,100
For an opportunity to learn more about IRAs and other tax advantaged accounts including Health Savings Accounts and Coverdell Education Savings Accounts, consider the Wolters Kluwer IRA Library or on-demand video training offered on a variety of topics. Go here to learn more about training opportunities available to you, or you can call us at 1-800-552-9408.
Mike Schiller
Michael Schiller
Manager, Specialized Consulting, Tax Advantaged Accounts
With more than 26 years of experience, Mike has worked closely with hundreds of financial organizations to help them create, implement, and maintain their tax-advantaged accounts program.
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