Breaking News: IRS Announces 2025 Healthcare Updates

 **Exciting News Alert from Brookshire Benefits!**

We’re thrilled to announce some significant updates regarding Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs), and Excepted Benefit HRAs for the year 2025! 

The IRS has just released the new limits, and we’re here to break it down for you:

**1. Health Savings Accounts (HSAs):**

– **Contribution Limits:** For individuals with self-only coverage under an HDHP, the contribution limit has been raised to $3,650 for 2025. And for those with family coverage, the contribution limit has increased to $7,300.

– **Minimum Deductible:** The minimum annual deductible for HDHPs remains the same as last year, standing at $1,400 for self-only coverage and $2,800 for family coverage.

– **Out-of-Pocket Maximum:** The maximum out-of-pocket expenses (including deductibles, copayments, and coinsurance) for HDHPs have also seen a slight increase, reaching $7,050 for self-only coverage and $14,100 for family coverage.

**2. High-Deductible Health Plans (HDHPs):**

– **HDHP Requirements:** As a reminder, to be considered an HDHP for 2025, the plan must have a minimum deductible and maximum out-of-pocket limits as outlined by the IRS.

**3. Excepted Benefit HRAs:**

– **Annual Maximum:** The annual maximum amount that can be provided by an Excepted Benefit HRA has been updated to $1,800 for 2025.

At Brookshire Benefits, we understand the importance of staying updated with the latest regulations and limits to ensure you make informed decisions regarding your healthcare coverage. These adjustments reflect the evolving landscape of healthcare and aim to empower individuals and employers alike in managing their healthcare expenses effectively.

If you have any questions or need assistance navigating these changes, don’t hesitate to reach out to our dedicated team. We’re here to support you every step of the way!

Here’s to a healthy and prosperous 2025 for all our valued clients and partners. Thank you for choosing Brookshire Benefits!

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