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F5 Employees, Prepare for Enhanced HSA Benefits in 2025

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For F5 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, F5 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 F5 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 F5 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 F5 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 F5 offer to its employees?

F5 offers a 401(k) retirement savings plan to help employees save for their future.

Does F5 match employee contributions to the 401(k) plan?

Yes, F5 provides a matching contribution to employee 401(k) accounts, subject to certain limits.

What is the eligibility requirement for F5 employees to participate in the 401(k) plan?

Employees of F5 are eligible to participate in the 401(k) plan after completing a specified period of service, typically 30 days.

Can F5 employees choose how to invest their 401(k) contributions?

Yes, F5 employees can choose from a variety of investment options available within the 401(k) plan.

What is the maximum contribution limit for F5 employees under the 401(k) plan?

The maximum contribution limit for F5 employees is determined by the IRS and may change annually. Employees should check the latest IRS guidelines for the current limit.

Does F5 allow for catch-up contributions in the 401(k) plan?

Yes, F5 allows employees who are age 50 or older to make catch-up contributions to their 401(k) accounts.

How often can F5 employees change their 401(k) contribution amounts?

F5 employees can change their 401(k) contribution amounts at designated times throughout the year, typically during open enrollment or upon certain life events.

What happens to my 401(k) account if I leave F5?

If you leave F5, you can either leave your 401(k) account with F5, roll it over to another retirement account, or withdraw the funds, subject to tax implications.

Is there a vesting schedule for F5's 401(k) matching contributions?

Yes, F5 has a vesting schedule for matching contributions, which means employees earn ownership of those funds over time.

Can F5 employees take loans against their 401(k) accounts?

Yes, F5 allows employees to take loans against their 401(k) accounts under certain conditions.

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

F5 offers a comprehensive retirement program consisting of both a defined contribution plan and a 401(k) plan for its employees. In 2023, F5's 401(k) plan includes a company match where employees can contribute up to the IRS maximum of $22,500, with an additional catch-up contribution of $7,500 for those aged 50 or older (F5, Inc.) (SHRM). The company provides a 50% match on the first $8,000 contributed by the employee (Investopedia). Regarding pension plans, F5 follows the corporate trend of focusing on defined contribution plans rather than traditional pensions. Although specific details on a corporate pension were not emphasized for F5, the company heavily promotes its 401(k) plan as a key retirement benefit for all eligible employees, who are automatically enrolled upon meeting eligibility criteria

Restructuring and Layoffs: In early 2024, F5 announced a significant restructuring plan aimed at streamlining operations and reducing costs. This move involved a reduction of approximately 10% of the global workforce. The decision was driven by the need to adapt to the changing market dynamics and enhance operational efficiency. This restructuring is crucial to address as it reflects broader industry trends and can have significant implications for employees and investors. The current economic environment, characterized by high inflation and market volatility, makes understanding these changes important for assessing investment risks and opportunities.

F5, Inc. (NASDAQ: FFIV) offers its employees stock-based compensation through various programs, including stock options and Restricted Stock Units (RSUs). F5's stock options and RSUs are made available to eligible employees, with stock-based compensation expenses categorized as part of their non-GAAP measures (F5 Investors) (F5, Inc.). F5’s RSUs and stock options are a key part of their compensation structure, incentivizing employees to contribute to the company’s growth. Stock options provide employees the opportunity to purchase shares at a fixed price (the strike price), whereas RSUs represent actual shares granted upon vesting, typically subject to a vesting period based on continued employment or performance milestones (F5 Investors). Eligible employees at F5, particularly those in management and key technical roles, often receive these awards as part of their compensation package

Company's Official Website: Visit F5's official website and look for their employee benefits section, often found under "Careers," "Employee Benefits," or "HR" pages. Glassdoor: Check Glassdoor for employee reviews about the company’s health benefits. Sometimes, employees provide insights into changes or updates to benefits. LinkedIn: Explore F5’s LinkedIn page for any updates or posts about employee benefits. Company updates or employee testimonials can be found here. Indeed: Search for F5 on Indeed, where past and current employees may discuss their experiences with the company’s health benefits. Benefits Websites: Websites like BenefitsPro, HR Dive, or SHRM (Society for Human Resource Management) may have articles or reports about F5's benefits and any recent changes.