The Washington Report

May 07, 2025

Note to Subscribers

While we do our best to provide timely updates, it is possible that the information shared in the newsletter may change after our publication deadline.

Health

 

IRS Publishes 2026 Inflation-Adjusted Amounts for HSAs and HRAs
On May 1, 2025, the Internal Revenue Service (IRS) released Revenue Procedure 2025-19, which provides the 2026 inflation-adjusted amounts for Health Savings Accounts (HSAs) as determined under Section 223 of the Internal Revenue Code and the maximum amount that may be made newly available for excepted benefit Health Reimbursement Arrangements (HRAs) provided under Section 54.9831-1(c)(3)(viii) of the Pension Excise Tax Regulations.

• For calendar year 2026, the annual limitation on deductions for an individual with self-only coverage under a high-deductible health plan is $4,400.
• For calendar year 2026, the annual limitation on deductions for an individual with family coverage under a high-deductible health plan is $8,750.
• For calendar year 2026, a “high-deductible health plan” is defined as a health plan with an annual deductible that is not less than $1,700 for self-only coverage or $3,400 for family coverage, and for which the annual out-of-pocket expenses (deductibles, copayments, and other amounts, but not premiums) do not exceed $8,500 for self-only coverage or $17,000 for family coverage.
• For plan years beginning in 2026, the maximum amount that may be made newly available for the plan year for an excepted benefit HRA is $2,200.

Revenue Procedure 2025-19 is effective for HSAs for calendar year 2026 and for excepted benefit HRAs for plan years beginning in 2026.

IRS Revenue Procedure 2025-19 is available here.

Retirement

 

PBGC Announces 2023 Pension Insurance Data Tables Now Available
On April 25, 2025, the Pension Benefit Guaranty Corporation (PBGC) announced that the first installment of the agency’s 2023 Pension Insurance Data Tables is now available. This installment contains tables summarizing information on the PBGC’s Single-Employer and Multiemployer Insurance Programs, including tables which incorporate time-series data on the PBGC’s finances and operations involving Traditional and Special Financial Assistance payments. 

The 2023 Pension Insurance Data Tables website is available here.