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Alpha Metallurgical Resources Employees, Prepare for Enhanced HSA Benefits in 2025

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For Alpha Metallurgical Resources employees, maximizing contributions to your HSA in 2025 may be a smart way to control costs around healthcare and also grow your long-term savings for retirement, said.

With the increase in HSA contribution limits coming soon, Alpha Metallurgical Resources employees approaching retirement should take advantage of this opportunity to grow their healthcare savings now so they can take a tax-efficient approach to future medical costs, said Sullivan.

In this article, we will discuss:

1. Limits on 2025 IRS health savings account (HSA) contributions.

2. How HSAs give you a triple tax advantage and help you control costs for healthcare.

3. HSAs & retirement planning & Medicare premiums.

The IRS has announced inflation-adjusted increases to the health savings account (HSA) contribution limits for 2025. The contribution cap for those with self-only health coverage will increase from USD 4,150 in 2024 to USD 4,300 in 2025, and for families, the maximum will increase from USD 8,300 to USD 8,550.

HSAs provide a triple tax benefit - contributions are deductible, account assets grow tax-free, and withdrawals for approved medical expenses are tax-free. Such features help HSAs manage healthcare costs.

Your high-deductible health plan must offer an HSA. For the year 2025, the IRS says the plans must carry a USD 1,650 individual deductible and USD 3,300 family deductible.Even with all these benefits, a 2023 survey by the Plan Sponsor Council of America found only 19% of HSA account holders invest—most keep their savings in cash—potentially missing big growth opportunities.

The IRS is also updating the catch-up contribution limit for Alpha Metallurgical Resources employees over age 55 this year—keeping the USD 1,000 catch-up contribution for now.Understand HSAs and how they could benefit your financial strategy—especially with the rise of healthcare costs and retirement planning. Prompt financial decisions such as switching to a Roth IRA or drafting a will are life planning steps as well.

And for Alpha Metallurgical Resources employees approaching retirement age: HSA money can help pay for Medicare premiums when you turn 65. That includes Medicare Advantage plans, as well as Parts B and D premiums, although Medigap premiums are not eligible for HSA expenditure. While not all medical expenses are covered by Medicare, funding these costs through HSAs could optimize your healthcare spending in retirement. A 2022 study by Fidelity Investments estimated medical costs for a retired couple would be around USD 315,000 after taxes.

Consider your health savings account (HSA) an essential tool in your financial toolkit. Like getting a new phone, increasing HSA contribution limits for 2025 gives you more options to manage and invest in your healthcare. You can think of contributing to your HSA as downloading an app that gives you triple tax benefits—deductions on contributions, tax-free growth, and tax-free withdrawals for qualified medical expenses. This keeps your health coverage as current and efficient as new technology—making your HSA a critical component of your Alpha Metallurgical Resources retirement planning strategy.

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Sources:

1. Fidelity Investments. 'HSA Contribution Limits 2024 and 2025.' Fidelity.com , 23 Jan. 2025, https://www.fidelity.com/learning-center/smart-money/hsa-contribution-limits . Accessed 5 Mar. 2025.

2. Plan Sponsor Council of America (PSCA). 'Helping Employees Enroll in HSAs.' PSCA.org , 9 Nov. 2023, https://www.psca.org/news/psca-news/2023/11/PR_2023_HSAreprot . Accessed 5 Mar. 2025.

3. Internal Revenue Service (IRS). 'Part III Administrative, Procedural, and Miscellaneous.' IRS.gov , May 2024, https://www.irs.gov/pub/irs-drop/rp-24-25.pdf . Accessed 5 Mar. 2025.

4. Woodruff Sawyer. 'IRS Releases 2025 HSA Contribution Limits and HDHP Deductible and Out-of-Pocket Limits.' Woodruffsawyer.com , 13 May 2024, https://woodruffsawyer.com/insights/2025-hsa-limits-released . Accessed 5 Mar. 2025.

5. Plan Sponsor Council of America (PSCA). 'HSAs: A Growing Retirement Savings Strategy.' 401k Specialist , Nov. 2023, https://401kspecialistmag.com/higher-numbers-of-hsas-positioned-as-retirement-savings-strategy . Accessed 5 Mar. 2025.

What is the 401(k) plan offered by Alpha Metallurgical Resources?

The 401(k) plan at Alpha Metallurgical Resources is a retirement savings plan that allows employees to save a portion of their paycheck before taxes are taken out, helping them prepare for retirement.

How can employees of Alpha Metallurgical Resources enroll in the 401(k) plan?

Employees of Alpha Metallurgical Resources can enroll in the 401(k) plan by completing the enrollment form available through the HR department or the employee portal.

What is the employer match for the 401(k) plan at Alpha Metallurgical Resources?

Alpha Metallurgical Resources offers a competitive employer match for the 401(k) plan, matching a percentage of employee contributions up to a certain limit, as specified in the plan documents.

When can employees of Alpha Metallurgical Resources start contributing to their 401(k) plan?

Employees of Alpha Metallurgical Resources can start contributing to their 401(k) plan as soon as they are eligible, which is typically after completing a specified period of service.

Are there any fees associated with the 401(k) plan at Alpha Metallurgical Resources?

Yes, there may be administrative fees associated with the 401(k) plan at Alpha Metallurgical Resources, which are outlined in the plan’s summary and can vary based on investment options.

What investment options are available in the Alpha Metallurgical Resources 401(k) plan?

The 401(k) plan at Alpha Metallurgical Resources offers a variety of investment options, including mutual funds, stocks, and bonds, allowing employees to choose based on their risk tolerance.

Can employees of Alpha Metallurgical Resources take loans against their 401(k) savings?

Yes, employees of Alpha Metallurgical Resources may have the option to take loans against their 401(k) savings, subject to the terms and conditions set forth in the plan.

What happens to the 401(k) plan if an employee leaves Alpha Metallurgical Resources?

If an employee leaves Alpha Metallurgical Resources, they have several options for their 401(k) savings, including rolling over the balance to a new employer’s plan or an IRA.

How often can employees change their contribution amounts to the 401(k) plan at Alpha Metallurgical Resources?

Employees of Alpha Metallurgical Resources can typically change their contribution amounts to the 401(k) plan at any time, subject to the plan’s guidelines.

Does Alpha Metallurgical Resources offer any educational resources for employees regarding the 401(k) plan?

Yes, Alpha Metallurgical Resources provides educational resources and workshops to help employees understand their 401(k) plan options and make informed investment decisions.

With the current political climate we are in it is important to keep up with current news and remain knowledgeable about your benefits.

Alpha Metallurgical Resources recently announced significant restructuring efforts that include layoffs impacting various departments. These changes are part of a broader strategy to streamline operations and reduce costs.

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For more information you can reach the plan administrator for Alpha Metallurgical Resources at 707 Virginia Street East, Suite 1400 Charleston, WV 25301; or by calling them at (304) 756-3300.