The Internal Revenue Service (IRS) announced annual inflation adjustments for Healthcare Flexible Spending Accounts (HCFSA) and Limited Purpose Flexible Spending Accounts (LPFSA). These increases are effective for plan years beginning January 1, 2025 and later.
HCFSA and LPFSA
| 2024 Contribution Max | 2025 Contribution Max |
| $3,200 | $3,300 |
HCFSA and LPFSA
| 2024 Carryover Max | 2025 Carryover Max |
| $640 | $660 |
DCA
For Dependent Care Accounts (DCA), annual limits will remain $5,000 for single taxpayers and married couples filing jointly, or $2,500 for married people filing separately.
HSA
As a reminder, below are the Health Savings Account (HSA) contribution limits, along with the High Deductible Health Plan (HDHP) requirements announced earlier this year.
| Contribution Limit | 2024 | 2025 |
| Self-Coverage | $4,150 | $4,300 |
| Family Coverage | $8,300 | $8,550 |
HDHP
| Plan Requirements | 2024 | 2025 |
| Self-Only Coverage | ||
| Minimum Deductible | $1,600 | $1,650 |
| Maximum Out-of-Pocket | $8,050 | $8,300 |
| Family Coverage | ||
| Minimum Deductible | $3,200 | $3,300 |
| Maximum Out-of-Pocket | $16,100 | 16,600 |
Shop the FSA Store
Shop for Eligible Items
You may purchase FSA-eligible items online at the FSA Store. Browse medical supplies, over-the-counter medication, prescriptions, and more.
Purchases may result in a small commission to American Fidelity at no additional cost to you.
Shop the HSA Store
Shop for Eligible Items
You may purchase HSA-eligible items online at the HSA Store. Browse medical supplies, over-the-counter medication, prescriptions, and more.
Purchases may result in a small commission to American Fidelity at no additional cost to you.
This blog is up to date as of October 2024 and has not been updated for changes in the law, administration or current events.
