New Update: Healthcare Costs Increasing by Over 60% in Some States. Will you be impacted?

Century Communities Employees, Prepare for Enhanced HSA Benefits in 2025

Healthcare Provider Update: Healthcare Provider for Century Communities The primary healthcare provider for Century Communities is often facilitated through the company's employee benefits program, which includes options for major insurers. However, specific healthcare providers may vary based on the employees' locations and plans selected. Generally, employees can access several national insurers that are common in employer-sponsored health plans. Potential Healthcare Cost Increases in 2026 As health insurance premiums for the Affordable Care Act (ACA) marketplace are projected to surge in 2026, many employees of Century Communities could face significant financial strain. A combination of escalating medical costs and the potential expiration of federal subsidies may result in average premium increases of over 60% in certain states, with some individuals seeing their out-of-pocket costs jump by approximately 75%. This drastic rise in expenses can disproportionately affect middle-income families, complicating retirement planning and financial stability. With proactive budgeting and strategic healthcare planning becoming increasingly essential, employees should prepare for these potentially daunting changes ahead. Click here to learn more

For Century Communities 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, Century Communities 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 Century Communities 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 Century Communities 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 Century Communities retirement planning strategy.

Articles you may find interesting:

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 type of retirement plan does Century Communities offer to its employees?

Century Communities offers a 401(k) retirement savings plan to help employees save for their future.

Is there a company match for contributions to the Century Communities 401(k) plan?

Yes, Century Communities provides a company match for employee contributions to the 401(k) plan, helping to enhance your retirement savings.

How can employees enroll in the Century Communities 401(k) plan?

Employees can enroll in the Century Communities 401(k) plan through the company’s designated benefits portal or by contacting the HR department for assistance.

What is the eligibility requirement to participate in the Century Communities 401(k) plan?

Generally, employees of Century Communities who meet specific criteria, such as age and length of service, are eligible to participate in the 401(k) plan.

Can employees change their contribution percentage to the Century Communities 401(k) plan?

Yes, employees can change their contribution percentage to the Century Communities 401(k) plan at any time, subject to the plan's rules.

What investment options are available in the Century Communities 401(k) plan?

The Century Communities 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles.

Does Century Communities provide financial education resources for employees regarding the 401(k) plan?

Yes, Century Communities offers financial education resources and workshops to help employees understand their 401(k) options and make informed investment decisions.

What happens to my Century Communities 401(k) if I leave the company?

If you leave Century Communities, you have several options for your 401(k), including rolling it over to another retirement account, cashing it out, or leaving it in the plan if permitted.

Are there any fees associated with the Century Communities 401(k) plan?

Yes, like most 401(k) plans, the Century Communities 401(k) plan may have administrative and investment fees. Employees can review the plan documents for detailed information.

How often can employees contribute to the Century Communities 401(k) plan?

Employees can contribute to the Century Communities 401(k) plan through payroll deductions, which occur on each pay period.

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

In 2024, Century Communities announced a restructuring plan that includes reducing its workforce by 8% and making significant changes to its benefits package, including increased employee contributions to retirement plans.

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For more information you can reach the plan administrator for Century Communities at 8390 East Crescent Parkway, Suite 650 Greenwood, CO 80111; or by calling them at 1-303-268-8390.