Human Resources shares important deadline information for HSA Bank account holders

The deadline to make changes to health savings accounts (HSAs) is Nov. 14. Employees are asked to review their HSA contributions and university contributions – including incentive pay from the Healthy Boiler Incentive Program as well as additional funds received because of changes to preventive medication coverage – and make any adjustments via Benefitfocus. Doing so by the deadline ensures that changes are processed in time for the end of the calendar year so employees do not exceed 2025 IRS annual contribution limits.

If an employee’s spouse also receives or makes contributions to an HSA through Purdue or another employer, both must collectively adhere to the family contribution limit.

As a reminder, the 2025 limits for total combined HSA contributions are:

• $4,300 for employee-only coverage.
• $8,550 for family coverage (employee + one or more).

Note: Federal rules also allow what are called “catch-up” contributions to an HSA. Individuals who are age 55 or older or will turn 55 any time during the plan year, may contribute an additional $1,000 above the IRS limits.

If you have an HRA
As a reminder, reimbursement from an HRA is only eligible for claims incurred in 2025. Eligible claims include qualifying medical expenses, over-the-counter prescriptions, vision and dental expenses. Unused funds remaining in the account after the runout period (90 days following the end of the plan year or termination date) will be forfeited.

Resources
The following resources are available to assist employees:

• HSABank website
• Interactive HSA Tool
• Updating HSA Contributions in Benefitfocus

HSA Bank cards
New cards will not be sent from HSA Bank unless the date on an individual’s current card has expired.

Questions
Any questions on HSA contributions can be directed to Human Resources at 765-494-2222 or via email at hr@purdue.edu.