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

Danaher Employees, Prepare for Enhanced HSA Benefits in 2025

Healthcare Provider Update: Healthcare Provider for Danaher Corporation Danaher Corporation, a leading global life sciences and diagnostics innovator, offers healthcare coverage primarily through employer-sponsored health insurance plans. Danaher employees typically have access to comprehensive medical benefits which may include various insurance options like HMOs, PPOs, or high-deductible health plans (HDHPs), depending on individual preferences and locality. Details on Danaher's specific healthcare providers and coverage options can be accessed through the company's human resources department or employee benefits resources. Upcoming Healthcare Cost Increases in 2026 As we look towards 2026, significant hikes in healthcare costs appear unavoidable, especially for those enrolled in Affordable Care Act (ACA) marketplace plans. Some states are projected to see premiums rise by more than 60%, driven by factors such as the expiration of enhanced federal subsidies and relentless medical trend inflation. Insurers are seeking aggressive rate hikes in response to increased medical expenses and substantial profits, gearing up for a scenario where enrollees could face out-of-pocket premium increases exceeding 75%. This culminates in a challenging landscape for healthcare consumers, necessitating strategic planning and proactive measures for cost management. Click here to learn more

For Danaher 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, Danaher 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 Danaher 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 Danaher 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 Danaher 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 savings plan does Danaher offer to its employees?

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

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

Danaher employees can enroll in the 401(k) plan through the company’s HR portal or by contacting the HR department for assistance.

Does Danaher provide any matching contributions to the 401(k) plan?

Yes, Danaher provides matching contributions to the 401(k) plan, which helps employees maximize their retirement savings.

What is the vesting schedule for Danaher's 401(k) matching contributions?

Danaher has a specific vesting schedule for matching contributions, which typically requires employees to work for a certain number of years before they fully own the employer match.

Can Danaher employees contribute to their 401(k) plan on a pre-tax basis?

Yes, Danaher employees can make pre-tax contributions to their 401(k) plan, reducing their taxable income.

Is there a Roth option available for Danaher's 401(k) plan?

Yes, Danaher offers a Roth 401(k) option, allowing employees to contribute after-tax dollars for tax-free withdrawals in retirement.

What is the maximum contribution limit for Danaher employees participating in the 401(k) plan?

The maximum contribution limit for Danaher employees is determined by IRS guidelines, which are updated annually.

Can Danaher employees change their contribution percentage to the 401(k) plan at any time?

Yes, Danaher employees can change their contribution percentage at any time, typically through the HR portal.

What investment options are available in Danaher's 401(k) plan?

Danaher provides a variety of investment options within its 401(k) plan, including mutual funds, target-date funds, and other investment vehicles.

Are there any fees associated with Danaher's 401(k) plan?

Yes, there may be fees associated with Danaher’s 401(k) plan, which are disclosed in the plan documents provided to employees.

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

Danaher provides RSUs and stock options to eligible employees.

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For more information you can reach the plan administrator for Danaher at 2200 Pennsylvania Ave NW Washington, DC 20037; or by calling them at (202) 828-0850.