The IRS has released Rev. Proc. 2024-25, with inflation adjusted amounts for health savings accounts (HSAs) and excepted benefit health reimbursement arrangements (EB-HRAs). The amounts are as follows:

• Catch-up contributions for people over 55, which is not tied to a COLA, remains $1,000.
• The contribution limit applies to the 2025 calendar year.
• The HDHP deductible and out-of-pocket limits apply to plan years beginning in 2025.

As a reminder, these HSA limits differ from the ACA out-of-pocket limits which for 2025 are $9,200 for self-only coverage ($9,450 in 2024) and $18,400 for family coverage ($18,900 in 2024).

• The annual cap applies to plan years beginning in 2025.

The information contained in this Benefit Beat is not intended to be legal, accounting, or other professional advice, nor are these comments directed to specific situations. This information is provided as general guidance and may be affected by changes in law or regulation. This information is not intended to replace or substitute for accounting or other professional advice. You must consult your own attorney or tax advisor for assistance in specific situations. This information is provided as-is, with no warranties of any kind. CBIZ shall not be liable for any damages whatsoever in connection with its use and assumes no obligation to inform the reader of any changes in laws or other factors that could affect the information contained herein.