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

Energy Transfer Employees, Prepare for Enhanced HSA Benefits in 2025

Healthcare Provider Update: Healthcare Provider for Energy Transfer Energy Transfer employees typically rely on employer-sponsored health insurance plans, which are often managed through major healthcare providers like UnitedHealthcare, BlueCross BlueShield, or Aetna, depending on the specific agreements and market presence in their regions. Potential Healthcare Cost Increases in 2026 Looking ahead to 2026, Energy Transfer employees may face significant healthcare challenges as premium increases for Affordable Care Act (ACA) plans are projected to surge sharply, with some states reporting hikes of over 60%. The anticipated expiration of enhanced federal premium subsidies is expected to exacerbate this situation, pushing average out-of-pocket premiums up by more than 75% for many individuals. As medical costs continue to rise-driven by increased hospital expenses, specialty drugs, and systemic inflation-Energy Transfer employees should prepare for a substantial shift in their healthcare expenses, making it crucial to evaluate options early and strategically plan for the upcoming changes. Click here to learn more

For Energy Transfer 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, Energy Transfer 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 Energy Transfer 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 Energy Transfer 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 Energy Transfer 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 primary purpose of Energy Transfer's 401(k) Savings Plan?

The primary purpose of Energy Transfer's 401(k) Savings Plan is to help employees save for retirement by allowing them to contribute a portion of their salary on a pre-tax basis.

How can I enroll in Energy Transfer's 401(k) Savings Plan?

Employees can enroll in Energy Transfer's 401(k) Savings Plan by completing the enrollment process through the company's benefits portal or by contacting the HR department for assistance.

Does Energy Transfer offer a company match for contributions to the 401(k) Savings Plan?

Yes, Energy Transfer offers a company match for employee contributions to the 401(k) Savings Plan, which enhances the overall retirement savings for employees.

What types of investment options are available in Energy Transfer's 401(k) Savings Plan?

Energy Transfer's 401(k) Savings Plan typically offers a variety of investment options, including mutual funds, target-date funds, and company stock, allowing employees to diversify their portfolios.

Can I change my contribution amount to Energy Transfer's 401(k) Savings Plan at any time?

Yes, employees can change their contribution amount to Energy Transfer's 401(k) Savings Plan at any time, subject to any plan-specific guidelines.

What is the vesting schedule for the company match in Energy Transfer's 401(k) Savings Plan?

The vesting schedule for the company match in Energy Transfer's 401(k) Savings Plan may vary, but typically employees become fully vested after a certain number of years of service.

Are there any fees associated with Energy Transfer's 401(k) Savings Plan?

Yes, there may be administrative fees and investment-related fees associated with Energy Transfer's 401(k) Savings Plan, which are disclosed in the plan documents.

How can I access my account information for Energy Transfer's 401(k) Savings Plan?

Employees can access their account information for Energy Transfer's 401(k) Savings Plan through the plan's online portal or by contacting the plan administrator.

What happens to my 401(k) Savings Plan account if I leave Energy Transfer?

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

Can I take a loan from my 401(k) Savings Plan at Energy Transfer?

Yes, Energy Transfer's 401(k) Savings Plan may allow employees to take loans against their account balance, subject to specific terms and conditions.

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

Energy Transfer offers a 401(k) plan with company match and discretionary profit-sharing contributions. The plan includes various investment options and financial planning resources.

Energy Transfer offers RSUs to its executives and key employees. RSUs vest over multiple years, aligning employee interests with long-term company goals.

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For more information you can reach the plan administrator for Energy Transfer at 8111 Westchester Dr Dallas, TX 75225; or by calling them at (214) 981-0700.