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Coinbase Global Employees, Prepare for Enhanced HSA Benefits in 2025

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For Coinbase Global 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, Coinbase Global 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 Coinbase Global 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 Coinbase Global 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 Coinbase Global 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 type of retirement plan does Coinbase Global offer to its employees?

Coinbase Global offers a 401(k) retirement savings plan to its employees.

How can employees of Coinbase Global enroll in the 401(k) plan?

Employees of Coinbase Global can enroll in the 401(k) plan through the company’s HR portal during the enrollment period.

Does Coinbase Global match employee contributions to the 401(k) plan?

Yes, Coinbase Global provides a matching contribution to employees' 401(k) plans, subject to certain limits.

What is the maximum contribution limit for the 401(k) plan at Coinbase Global?

The maximum contribution limit for the 401(k) plan at Coinbase Global is in line with IRS regulations, which can change annually.

Can employees of Coinbase Global take loans against their 401(k) savings?

Yes, employees of Coinbase Global may have the option to take loans against their 401(k) savings, subject to the plan's terms.

What investment options are available in the Coinbase Global 401(k) plan?

The Coinbase Global 401(k) plan offers a variety of investment options, including mutual funds, index funds, and target-date funds.

Is there a vesting schedule for the employer match in Coinbase Global’s 401(k) plan?

Yes, Coinbase Global has a vesting schedule for the employer match, which outlines how long employees must work to fully own the matching contributions.

Can employees of Coinbase Global change their contribution percentage at any time?

Employees of Coinbase Global can change their contribution percentage during designated times, typically during open enrollment or after a qualifying event.

What happens to the 401(k) plan if an employee leaves Coinbase Global?

If an employee leaves Coinbase Global, they have several options for their 401(k) savings, including rolling it over to another retirement account or cashing it out.

Are there any fees associated with the Coinbase Global 401(k) plan?

Yes, there may be administrative fees associated with the Coinbase Global 401(k) plan, which are disclosed in the plan documents.

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

In early 2024, Coinbase Global announced a restructuring plan involving a reduction of approximately 15% of its workforce. This move comes in response to declining cryptocurrency market conditions and regulatory challenges.

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For more information you can reach the plan administrator for Coinbase Global at 100 Pine Street, Suite 1250 San Francisco, CA 94111; or by calling them at (888) 908-7930.