Joe will pay $1,200 less per year in premiums—and have the ability to contribute to an HSA. Now let's pretend Joe runs into a medical emergency that costs $2,000. He'd have to pay $1,600 up front before his insurance kicks in (that's the legal minimum deductible for single ...
HDHP coverage comes with an annual catastrophic limit on out-of-pocket expenses for covered services from in-network providers. In 2024, plans set a minimum deductible of $1,600 and $3,200 for individuals and families, which rises to $1,650 and $3,300 in 2025, respectively. The maximum...
Mercer projects 2025 inflation-adjusted amounts for health savings accounts, high-deductible health plans and excepted-benefit health reimbursement arrangements all will rise from 2024 levels.
2024 2023 Change Annual HSA Contribution Limit (employer and employee) Self-only: $4,150 Family: $8,300 Self-only: $3,850 Family: $7,750 Self-only: +$300 Family: +$550 HSA catch-up contributions (employer and employee) $1000 $1000 No change Minimum Annual HDHP Deductible Self-only:...
HDHPs are a great way for employers to save money on premiums while providing a safety net to employees. However, employees won’t really see the value in them unless they have a medical emergency. Adding an HSA is a great way to provide additional help should such an emergency occur, b...