NEW UPDATE: How the Trump Tax Bill will Impact You:

Acadia Healthcare Employees, Prepare for Enhanced HSA Benefits in 2025

For Acadia Healthcare 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, Acadia Healthcare 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 Acadia Healthcare 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 Acadia Healthcare 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 Acadia Healthcare 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 is the 401(k) plan offered by Acadia Healthcare?

The 401(k) plan at Acadia Healthcare is a retirement savings plan that allows employees to save a portion of their salary on a pre-tax or Roth after-tax basis.

Does Acadia Healthcare match employee contributions to the 401(k) plan?

Yes, Acadia Healthcare offers a matching contribution to employees who participate in the 401(k) plan, helping to boost their retirement savings.

How can employees enroll in the 401(k) plan at Acadia Healthcare?

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

What are the eligibility requirements to participate in Acadia Healthcare's 401(k) plan?

Generally, all full-time employees at Acadia Healthcare are eligible to participate in the 401(k) plan after completing a specified period of service.

What types of investment options are available in Acadia Healthcare's 401(k) plan?

Acadia Healthcare's 401(k) plan offers a variety of investment options, including mutual funds, target-date funds, and other investment vehicles to suit different risk tolerances.

Can employees take loans against their 401(k) plans at Acadia Healthcare?

Yes, Acadia Healthcare allows employees to take loans against their 401(k) savings, subject to certain terms and conditions.

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

Acadia Healthcare has a vesting schedule for matching contributions, which means employees must work for a certain number of years before they fully own the employer's contributions.

How often can employees change their contribution amounts to the 401(k) plan at Acadia Healthcare?

Employees at Acadia Healthcare can change their contribution amounts to the 401(k) plan on a regular basis, typically during open enrollment or at any time as permitted by the plan.

What happens to my 401(k) account if I leave Acadia Healthcare?

If you leave Acadia Healthcare, you have several options for your 401(k) account, including leaving it with the plan, rolling it over to another retirement account, or cashing it out.

Does Acadia Healthcare offer financial planning resources for employees regarding their 401(k)?

Yes, Acadia Healthcare provides access to financial planning resources and advisors to help employees make informed decisions about their 401(k) savings.

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

Acadia Healthcare is experiencing significant organizational changes, including layoffs and restructuring efforts. The company has faced challenges with maintaining its workforce and adapting to new leadership dynamics. These changes have led to employee dissatisfaction and concerns about the company's direction. There have been multiple rounds of layoffs, particularly affecting the operational and support staff. These layoffs are part of a broader effort to streamline operations and reduce costs amidst economic uncertainties and changing healthcare demands https://www.thelayoff.com/acadia-healthcare-co https://www.thelayoff.com/t/1rReeVrQ

Additional Articles

Check Out Articles for Acadia Healthcare employees

For more information you can reach the plan administrator for Acadia Healthcare at 6100 Tower Circle, Suite 1000 Franklin, TN 37067; or by calling them at (615) 861-6000.