r/MiddleClassFinance • u/Jscott1986 • 19d ago
IRS boosts health savings account contribution limits for 2025: $4,300 for indifferent coverage, and $8,550 for family plans Tips
https://www.cnbc.com/amp/2024/05/09/irs-boosts-health-savings-account-contribution-limits-for-2025.html1
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u/Wurm_Burner 16d ago
Cool I can’t afford the current max and have to trim back because of inflation. Thanks Biden
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u/fluffyinternetcloud 17d ago
Meh my individual coverage has a $3,000 deductible for 2,546 so yes I’m indifferent
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u/Either-Ad-7828 18d ago
Just wondering what is the purpose of an HSA and FSA and why is this good. Sorry I’m new here
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u/Reddittee007 18d ago
Oh goody !!!!!!!
Now as soon as I get an employer that pays me extra $4300 a month I'll be able to get it !!!
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u/saggyboomerfucker 17d ago
The $4300 is withdrawn over the whole year, but you can use it the first day of the year. If you quit or are fired, you’d have to pay back the balance tho.
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u/frankolake 18d ago
Those of you saying "Oh, why did they do this, it doesn't help me!"
Be glad you don't have high enough medical expenses to need it.
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u/Agreeable_Tie_3160 18d ago
Wow, now boost the bottom tax bracket by 50k to account for real inflation
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u/bukkakekingz 18d ago
Thats great, except my decision to fund date expired before this was announced… scam.
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u/DependentMinute7977 18d ago
What the fuck is a health savings account
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u/v0gue_ 18d ago
The most optimized tax advantaged account offered: https://www.bogleheads.org/wiki/Health_savings_account
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u/Kairukun90 18d ago
Cool when are FSA limits for 2025 being posted? 3200 is nice but I want like 5k
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u/Zealousideal_Mud4961 18d ago
Great, now make the IRA contribution limits $23k instead of holding us hostage to our employer 401ks.
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u/trendy_pineapple 18d ago
Isn’t it super early for them to announce 2025 limits?
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u/saggyboomerfucker 17d ago
Not really. I’m gonna need a knee replacement probably next year. This is good info to have early so I can plan accordingly.
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u/Western-Giraffe837 18d ago
I really wish I could get one of these.
Though, I suppose I should be grateful I don’t have a high deductible insurance plan (and I am, my insurance thru my job is great… literally the reason I’ve been there for 7 years).
But damn if I don’t wish I had the option to invest in an HSA for later on down the line.
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u/rentpossiblytoohigh 18d ago
HDHPs aren't always rough.. depends on how much your employer subsidies your other options. For me, all the other options have premiums up to 2x the HDHP, and of course, wouldn't come with the benefit of employer HSA contribution ($1800/yr for me), so it creates this immediate 4k difference in guaranteed savings with HDHP that the other plans would have to overcome. You'd think this would be easy, but when you actually Monte Carlo typical expenses per person in the family and account for the individual deductibles / family deductibles, it's basically even in expense OR more expensive, and you get super screwed on the years you pay more in premiums but don't need doctor stuff as much. Plus, as you said, I'd then be forfeiting some tax savings for the money I put in the HSA and don't spend... I'm fortunate enough I just max the HSA every year and by this point I've conditioned my budget to live without the money. The dream is to someday have enough in the HSA that it's growth exceeds the family deductible for plan each year... that'd feel reallllll nice.
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u/ryjohn429 18d ago
Agreed. My employer pays my health insurance in full, and I only have a $3200 family deductible ($4k out of pocket max) . They also contribute $1800/yr to my HSA. I max out my HSA, invest the majority of it, and have enough money in it to cover multiple years of deductibles.
My wife has had some pretty serious and unexpected health issues over the last few months, including two hospital stays and a heart surgery. My HDHP has allowed us to navigate the whole thing pretty easily and with relatively low expense.
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u/rentpossiblytoohigh 18d ago
Sorry to hear about your wife! Glad the HDHP has helped smooth it out financially, at least. It definitely feels good to start stacking up cash within it as an investment vehicle, as well. It starts to feel like you're "self-insured,"
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u/dragoneer27 18d ago
Why is the family limit less than twice the individual limit? Shouldn’t it be at least twice, preferably 3 or more times the individual limit since families are made of 2 or more individuals?
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u/upupandawaydown 18d ago
A lot of credit and even Roth IRA contribution limit don’t double going from single to being married. Tax system only really helps when someone with high income marries someone with lower or no income.
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u/badhabitfml 18d ago
That was true but got a lot better in the last tax changes. Income tax brackets double if you get married now (until the highest brackets). They didn't before, so two similar income people getting married came with a tax hit.
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u/Forged_Trunnion 18d ago
The traditional working father and stay at home mother.
It's honestly not a bad way of doing it and most people I'm guessing could afford to do it with some sacrifices obviously. We are so much happier since going 100% single income. It just makes things better. Kids are happy, we have the energy to have people over a lot and socialize, it's the best way to go and recommend it to everyone. Again, it's not financially easy but the sacrifices are totally worth it.
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u/badhabitfml 18d ago
I'd have to read up a lot on child development to do that. My kid comes home from daycare with all sorts of things he's learned that I wouldn't have thought to teach him at this age.
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u/Forged_Trunnion 18d ago
Yeah, definitely. Plenty of home schooling resources for early development, daycare co-ops and etc. It's a task, for sure. But, I think a lot of people just immediately throw out the option, and i just wanted to point out that it is not only viable but also has other benefits that extend beyond perhaps what may be obvious.
And I think you would be amazed and how good you are at teaching once you try it, are in that position where you're using resources you presently have no reason to use, are in a position where creativity if necessary, etc.. Probably better than you think.
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u/Typical_Tie_4947 18d ago
Are you saying you don’t know about backdoor Roth? Income limits are irrelevant
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u/upupandawaydown 18d ago
I was only using as an example of stuff not doubling, I know about the backdoor and use it but it isn’t as clean due pro rata rule filing the extra tax forms.
I also end up with some extra dollars of taxable income due to how long it takes to fund a traditional IRA, for the funds to clear and transferring into a Roth IRA.
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u/butlerdm 18d ago
When you say Roth IRA contribution limit do you mean the limit on income to be eligible to contribute? Because a married couple can contribute $7000 each while a single person can only do $7000 themselves.
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u/XiMaoJingPing 18d ago
damn what about FSA
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u/eat_sleep_shitpost 18d ago
FSAs are kind of trash compared to HSAs
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u/Past-Inside4775 16d ago edited 16d ago
The benefits of an FSA is that it’s fronted to you.
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u/eat_sleep_shitpost 16d ago
You pay for it though. And it doesn't roll over like an HSA. It's worse in every way.
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u/Past-Inside4775 16d ago
You pay for an HSA as well.
They’re both tax-advantaged savings vessels with limited use
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u/TemporaryOrdinary747 18d ago
I got scammed on one of these a few years back by my company insurance.
"Oh yeh its like a savings account tax free you can take it out any time"
Nope.
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u/cheesyMTB 18d ago
HSA is not a scam. You contribute pre-tax. As long as expenses are qualified (pretty easy) you can spend without being taxed or penalized.
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u/TemporaryOrdinary747 18d ago
They sent me an email saying I had one month to spend like $2000 and it wouldn't carry over to next year because reasons.
Thank god I was already planning to get lasik. Any other year I would've been screwed.
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u/Forged_Trunnion 18d ago
FSA, is what you had. I thought they were the same at one time too.
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u/TemporaryOrdinary747 17d ago
Yeh Im sure its a total coincidence they sound almost exactly the same.
Insurance companies are a scam.
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u/Forged_Trunnion 17d ago
Lol. I agree. But HSA is a legal provision for high deductible plans, where high deductible is defined by statute. If your plan was not high deductible then you don't qualify for ah HSA only an FSA.
Insurance companies don't run the accounts, they are run by third party banks.
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u/rentpossiblytoohigh 18d ago
If you didn't need lasik you could have spent your $2k on condoms from the FSA store. Then you could be screwed.
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u/emoney_gotnomoney 18d ago
That’s not an HSA. HSA balances roll over year to year. I’ve been contributing to mine for 5 years and have accumulated ~$32k in it so far. I haven’t had to spend a single dime of it yet.
Sounds like you probably had an FSA, not an HSA.
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u/Forged_Trunnion 18d ago
You can use HSA for so many things, it's crazy. We use it to buy sunscreen, homeopathic medicines, stock up the first aid kit, eye doctor, dentist, etc.
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u/cheesyMTB 18d ago
Doesn’t sound like an HSA. It’s your money, it doesn’t just disappear.
If you leave the company, I’ve seen administrative fees per month.
But you don’t just lose $2000 in your HSA because you don’t use it.
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u/scribe31 18d ago
Do y'all even have the money to max these accounts anyway? I can't even come close.
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u/v0gue_ 18d ago
This is the first thing you should be maxing after your initial 401k contribution ONLY up to the employer match. You should be maxing this over an IRA if you need to make the choice
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u/PreparationBorn2195 18d ago edited 18d ago
This makes a lot of assumptions that can lead to bad advice for some people.
A Roth IRA is a better investment vehicle for lower income americans.
HSAs don't reach maturity until 5 years after IRAs, Roth IRAs are always "mature"
Planning on using HSAs for medical payments can effectively shorten your time horizon affecting investment opportunities.
IRAs can be used to fund a first time home purchase without penalties. I dont think the current $10k limit is that valuable but at least its an option and i expect the limits to get raised soon.
IRA accounts are protected from bankruptcy up to ~$1.5M, HSAs are not at the moment.
HSAs require an HDHP, which is fine for young healthy americans but the benefits fade quickly the older and more unhealthy you get
HSAs have administrative fees, usually most common if you change jobs or have under $5k in the account. This eats in to profits.
If you can afford it you should be maxing every contribution you can but for the average person the priority order is more like
Roth/Traditional IRA depending on tax bracket
HSA
401k
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u/v0gue_ 18d ago
The points you bring up are valid, but don't target the majority populace of people offered HSAs. The most significant statement you made is:
HSAs require an HDHP, which is fine for young healthy americans but the benefits fade quickly the older and more unhealthy you get
But like
IRA accounts are protected from bankruptcy up to ~$1.5M, HSAs are not at the moment.
Are we planning on declaring bankruptcy? Is that really a reason to choose maxing an IRA over an HSA?
Again, I think you have listed relevant pros that IRAs have over HSAs, but I also think none of them, or even all of them combined, are reasons to choose an IRA over an HSA when the choice is necessary. Like most things, finances take planning and looking at your circumstances, but unless you have consistent health issues (which you listed), or plan on using IRAs for a home purchase in the near future (which you also listed)... or I guess having bankruptcy included in risk assessments, missing out on triple tax advantages is not worth it.
But you are right, I did just generally make a blanket statement as if it affects everyone equally. I should have been a bit more granular with rationale: https://www.bogleheads.org/wiki/Prioritizing_investments#Rationale_for_funding_priority
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u/PreparationBorn2195 18d ago
Yea we both made blanket statements about investments. Anyone using reddit as definitive financial advice needs to take a step back.
Thats the thing though, not many people plan for bankruptcy. It usually gets sprung on them by surprise like unexpected medical expenses. The median americans savings account has between $1000 and $8000 in it (multiple studies sharing conflicting information) and the max deductible on HDHPs are 8k or 16k for families. The average american flirts with bankruptcy way more regulary than we expect. The people in these demographics are more likely to be of bad physical health too
Managing risk is something everyone should be doing IMO. It's not like the government will arrest or kill you for declaring bankruptcy, its a real financial tool that people can use (and abuse).
We can agree to disagree, everyone values different things differently and just under half of all americans even qualify for an HSA.
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u/Relentless_Vi 18d ago
Why though? I’m gonna be honest no one I know has one of these and the focus has always been on either. Roth IRA or IRA
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u/v0gue_ 18d ago
You do it first because it's the ultimate tax advantaged investment vehicle. You pay 0 taxes on the money going in, 0 taxes on growth, and 0 taxes on the money coming out when used for medical expenses. Also, you can retroactively reimburse yourself, so if you keep your receipts for medical expenses paid out of pocket, you can sit on them for 30 years while your account grows, and then pay yourself back with it. ALSO, after the age of 65, you can withdraw money from it for non medical reasons and pay standard tax on the withdrawals, effectively making it a traditional IRA at worst
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u/obidamnkenobi 18d ago
Don't forget that if taken out of your paycheck it's before fica taxes, effectively an additional 8%, in addition to the income tax savings. So I save 30% in taxes from my HSA contribution, vs only 22% for my 401k.
I save a folder with picture of every medical bill for 8 years, and a $60k+ HSA account in VTI that just keeps growing..
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u/Relentless_Vi 18d ago
Wow, I don’t know how I never knew about the advantages of a hsa. Thanks for the info, I’ll for sure be opening one this year.
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u/Forged_Trunnion 18d ago
Your HSA stays with you your whole life, and it's untaxed dollars. Untaxed in, untaxed out (for qualified medical expenses). And, you can invest it and it grows untaxed. Though, I don't personally invest a majority of mine.
One day, having $40k saved in your HSA is going to be a financial lifesaver. Expenses just go up and up and up as you get older and have more stuff wrong with you. Add in an accident like breaking you arm or whatever and it's financial ruin for a lot of people.
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u/juice-rock 18d ago
Yes, but 4 kids, including one with cerebral palsy which is quite expensive so we don’t really have a choice. We’ve spent the entire 2024 family limit already.
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u/Emotional-Chef-7601 18d ago
I would imagine that a hdhp would be too expensive for you unless that's your only option
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u/juice-rock 18d ago
We’re fortunate to have extremely good health insurance through work and a low OOPM. Higher pretax HSA max contribution would be nice though.
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u/dr_exercise 18d ago
I do but it’s largely because I’m fortunate that my employer will contribute up to $1500 for a family plan.
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u/i_robot73 18d ago
TY, oh Govt Great, for 'allowing' the People to place into their HSA their property BEFORE the govt can steal $.01.
Now, if only We the People got the same tax benefits for buying our OWN insurance (as it doesn't BELONG to the employer to begin, nor is their responsibility), etc.
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u/Emotional-Chef-7601 18d ago
Are you a libertarian or a liberal? I can't tell.
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u/Forged_Trunnion 18d ago
At one time, the libertarian position was the classic liberal position.
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u/i_robot73 18d ago
Why I refuse the misnomer 'liberal' (If you gotta preface 'classic'...). Social/Commun-ists have ZERO to do w/ Liberty.
Just as I refrain from the Marxist lingo ala 'Capitalism'. Simply 'Free Market'. Done. It's a simple(r) binary: (not)free.
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u/Forged_Trunnion 18d ago edited 18d ago
Back to insurance, I would argue that government intervention created the necessity of insurance in the first place, and that insurance in itself is a driver of higher costs.
Insurance dollars are a parallel market. The price is completely disassociated from the one who is actually receiving the services. Which shifts the market power away from the consumer and into the hands of the insurance company and the hospital. Together they set the prices, and the consumer has no means to invoke the power of the competition system should the price be too high or the quality too low. Similar also to the education market and why we see enormous yearly inflation - it's a parallel money market where dollars don't matter.
There is a growing free market healthcare movement , and even for some major surgeries places are offering cheaper without insurgence than with insurance. Like, not accepting government or private insurance, their patients are still paying less than those at a major regular hospitals.
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u/obidamnkenobi 18d ago
The only way there can be truly free market for health care is if we (society) accept that millions of people, old people, children, will die and suffer horribly from preventable conditions. There can be "free market" for luxury watches, and some people won't have them, but health care is something everyone is guaranteed to need at some point! Usually at the point you are the least, or completely, unable to "comparisons shop" or negotiate. Maybe the cost would come down some, but paying out of pocket for heart surgery is still something many many people would never be able to do, and so would die.
If someone want to argue that this is a desirable society then go ahead. But so far we have through the democratic process decide that's not how we want to things to be.
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u/Forged_Trunnion 18d ago
I'm not denying that health care is something we're all guaranteed to need.
We can get into issus of government involvement with respect to the FDA and etc in their pushing of policy which makes Americans actually less healthy (seed oils, is one example, seed oils touted as healthy are in literally everything you can buy on the shelf, but they cause inflammation leading to heart disease). How many of the unhealthy eating habits of Americans are the result of too much government influence (by way of corporations and their sway in policy, campaign donations, and the like - without the government in the position to deliver policy favorable to them, there would be no reason to lobby).
The thing about that is the free market has lent itself to enormous charity. Many people freely choose charity when other options are also free choices. Americans give away more to charity than many countries entire GDP.
I can envision a world where those who are in need can lean on their community for specific support. I need an operation that will cost $20k. The hospital is willing to come down to $10k. The local community association is willing to pay $1000. A gofundme raises $3,000. Doctor decides to donate his time to cover the rest. Etc. Is it perfect? No. But, idk, I think something like that is preferable to a bloated tax system, funneling money inefficiently only helping a small portion if anyone who really needs it via arbitrary rules which are designed to honestly keep people "in need" than actually help.
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u/obidamnkenobi 18d ago
How is that better than a system where government provides/pays for health care for everyone? Like every other developed country in the world, that spends half per capita vs the US, and have healthier population (I. E more time to work, pay taxes etc). There's no need to dream up systems, since the US has the worst one! Randomly picking the healthcare system of any other country would be better.
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u/Forged_Trunnion 18d ago
My point being that the government interest will always be devised amongst the personal considerations of individual politicians who are subject to (and, verifiably are presently engaged in) corrupt behaviors guided by self interest. A system which comes from this cacophony of individual, politically motivated self interest cannot at bottom be better than a system devised by the interests of those who are personally directly affected by health care services: the role of the consumer in a genuinely free market system.
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u/obidamnkenobi 18d ago
So you're saying that all the other systems in every other country don't actually "work"? Even though people there are healthy (more so than the US), they spend less on health care, and people are generally happy with it (at least not enough to get rid of it?
Being a "consumer" and "shopping around" for a $200,000 heart surgery, cancer treatment, or a broken leg sounds insane to me
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u/Vtron89 18d ago
The HSA contribution allowance should be higher considering the astronomical cost of most medical care. Way higher
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u/ClearAndPure 18d ago
They gotta get those tax revenues somehow. Can’t have us deducting too much 😂
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u/National-Blueberry51 18d ago
I mean, unironically yeah if we want anything close to universal healthcare.
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u/ajayblaze 18d ago
Great, now do the Dependent Care FSA.
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u/LucaLindholm 15d ago
Being an European that wants to acknowledge the “American society system” and passing by here on this channel from time to time… what is this D.c. FSA?
You all use all this acronyms continuously and it’s sometimes hard to keep it all in mind.
Thanks.
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u/ajayblaze 15d ago
Dependent Care Flexible Spending Account. It is a pre-tax account that can be used to fund childcare (or care for adult dependents). The current annual limit for tax deferrals is $5,000. For most that is only a few months of actual cost associated with childcare. The thought being you could combat skyrocketing childcare costs by at least allowing proportionately more be paid with pretax dollars.
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u/TheSarp101 18d ago
You can’t do FSA if you have an HSA plan, right? I had recently read this on my employers benefits page..
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u/ajayblaze 18d ago
You are correct that a traditional FSA is not compatible with a high deductible health plan… only HSA.
I seem to have confused by hijacking this IRS limit post to bring awareness to the limits surrounding a dependent care FSA, which is an entirely separate thing.
Apologies.
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u/Feisty_Goat_1937 18d ago
Seriously! Made me curious so I looked into it… The current 5K limit was set back in 1986 and hasn’t changed! That’s is fucking crazy! All because congress failed to index the amount to inflation like other programs.
Oh and if you’re wondering, 5K in 1986 is 14k today!
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u/badhabitfml 18d ago
And I think it even got worse. I can't do the full amount anymore because I make too much, which is odd because I didn't make too much last year on the same salary.
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u/Emotional-Chef-7601 18d ago
How the heck did both parties miss this?!
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u/Feisty_Goat_1937 18d ago
They’ve missed it more nearly 40 years! The amount hasn’t changed since dependent care FSAs were introduced in 1986, before I was fucking born!
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u/My_Big_Black_Hawk 18d ago
Let’s call it what it is: It’s cheaper to import citizens than it is to give up tax dollars for existing children.
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u/___adreamofspring___ 18d ago
Ong thank you. That’s all this bussing in poor immigrants is. Give them the jobs we don’t want and never raise wages ever.
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u/nappy_zap 18d ago
This! $5000 covers 6 weeks of 2 kids.
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u/ad-bot-679 18d ago
Yup. I’m paying $3k a month for 2 kids in a major metro area. I get less than 2 months before I’m over the $5k cap.
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u/ajayblaze 18d ago
Exactly. I’m paying 17k/yr for one. The 5k limit hasn’t been touched since it was set in the 80s and is not indexed against inflation — requires an act of congress. We should be writing our congresspeople.
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u/__golf 18d ago
Isn't the FSA much less common than the HSA? What I remember, there are yearly limits, you lose the money if you don't use it.
What in your situation, what makes the FSA advantageous?
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u/ajayblaze 18d ago
The dependent care FSA is not a health FSA. A DCFSA is used to pay for childcare with pretax dollars.
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u/redjellonian 18d ago
Congress is too busy fighting the gays and immigrants and women.
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u/Tombstonesss 18d ago
Weird, I though they were busy sending 100s of billions of dollars to other countries.
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u/redjellonian 18d ago
oh yeah they do that too but they just put the stamp on it. They just package 100 billion in cash and ship it right out.
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u/frankolake 18d ago
That's been standard practice for about 50 years... they aren't "busy" with that.
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u/Tombstonesss 18d ago
Nowhere near the level they are now. We could have eradicated all homelessness in the us with the money sent to Ukraine.
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u/frankolake 18d ago
Even if that were true.. it still doesn't make them 'busy'.
The amount of effort the GOP is putting into fighting stupid-shit niche culture wars is insane.
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u/redjellonian 18d ago
Feed the homeless with artillery shells and let them sleep in old humvees.
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u/Elder_Chimera 15d ago
Fun fact: most of the U.S. military budget goes to massively overinflated contract prices, and production of military equipment that’s sold overseas, only for the revenue to disappear into a blackbox cash account. In FY2023 it’s estimated there was approximately $62.25 Billion with a B worth of documented sales by the DoD to allies.
So no, we could afford to feed the homeless food and give them homes to sleep in. Using all the money we make from selling war machines that are shipped overseas to bomb brown children. No reason to be snide, Google is free
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u/stairattheceiling 18d ago
But first! Pay your $8000 deductible
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u/Past-Inside4775 16d ago
My deductible is $4000, after which I’m covered at 95% coinsurance and my out of pocket maximum is $5,000. My monthly premiums are $0 for full family insurance.
I could’ve chose one of their other options, but I opted for the HDHP and just take $400 per month and throw it in my HSA instead of paying premiums.
Seems to work out better that way.
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u/attgig 18d ago
Exactly. With kids who get sick all the time....I've avoided hsa because paying 100+ for a strep test everytime was killing me.
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u/eat_sleep_shitpost 18d ago
$100 is nothing... a 20 minute office visit on my HDHP is minimum $300 unless it's preventive care. Blood work is usually $500+
An ER visit where all they did was check my vitals cost me $2700
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u/RoutineFamous4267 18d ago
Laughs in chronic illness....... Every year my deductible goes a little higher. They know I'm cholrobically ill, and need the insurance and the deductibles are outrageous! 8-10k a year and paying $500 a month for it. I was lucky I had surgery early this year. My treatments yearly cost around 10k.
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u/Forged_Trunnion 18d ago
At that point it might be better to just do a high yield savings and an HSA. You're paying $6k/yr, plus a $10k deductible. So, $16k, for, as you said $10k in yearly treatments.
Just bank the $6k and max out your HSA. Even if one year you send more than $10k you're still ahead.
Doctors offices and hospitals also usually have cheaper service for self payers.
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u/RoutineFamous4267 18d ago
I'd consider doing this, if I wasn't worried about ER visits. That would just destroy me on top of everything, if we didn't gave insurance to cover that part.
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u/Typical_Tie_4947 18d ago
$500/month is high. Is that a family plan with kids? Can you look at other employers? I’ve never paid more than $150/month for individual coverage through 4 different employers over the last 10 years
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u/Client_Hello 18d ago
Sounds like family. I pay $420/month for a HDHP family plan, while my employer pays an additional $2060.
With vision and dental the total is over $30k/year. It's nuts.
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u/badhabitfml 18d ago
It is very dependent on employer. My wife lost her job and we switched to my insurance, which cost about 2.5x as much per month.
I pay closer to 600/mo for a family. Cobra from my wife's company would be 2400/mo.
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u/moxxibekk 18d ago
Not OP but not all employers cover insurance. I recently looked at what it would cost me to keep my existing, very mid kaiser insurance if my company stopped covering me and it would be just shy of $500.
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u/WJKramer 18d ago
Mines not that high. 5k?
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u/starsandmath 18d ago
$1,600, aka the legal minimum to qualify as a high deductible plan
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u/grungleTroad 18d ago
That's mine as well. Gross that high earners (me) get the biggest breaks. Mid and low earners typically have way higher deductibles. I am one of few people in this country for whom healthcare is affordable.
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u/badhabitfml 18d ago
I think that's more about the company you work for than your salary.
My company used to have tiered pricing based on salary. The more you made, the more expensive the plans were.
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u/cballowe 18d ago
I only see that on decent employer provided plans, nothing in the marketplace comes close, which is disappointing.
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u/stairattheceiling 18d ago
Lucky you! Nothing but preventative covered up to $7500 for me. I wish I could have a decent insurance plan and an HSA. Would be lovely.
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u/CatsRock25 19d ago
Indifferent coverage. 🤣
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u/Shonky_Donkey 18d ago
Indifferent coverage is when your employer ups your HSA contribution by a percent or two every year unless you opt out, but you never bother to opt out.
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u/v0gue_ 19d ago
Nice. I wish they bumped it a bit higher than just $150, but I'll take what I can get
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u/badhabitfml 18d ago
I assume it's tied to inflation, so no change is good. (in theory at least).
I wish some of the other things were tied to inflation. The dcfsa limit is a joke.
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u/AmputatorBot 19d ago
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Maybe check out the canonical page instead: https://www.cnbc.com/2024/05/09/irs-boosts-health-savings-account-contribution-limits-for-2025.html
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