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

Juniper Networks Employees, Prepare for Enhanced HSA Benefits in 2025

Healthcare Provider Update: Healthcare Provider for Juniper Networks Juniper Networks generally collaborates with various healthcare IT solutions rather than being a traditional healthcare provider. Their technology focuses on enhancing healthcare IT infrastructure, providing solutions that improve patient care and operational efficiency. However, specific partnerships or healthcare providers directly associated with Juniper Networks may vary based on projects and agreements. Potential Healthcare Cost Increases in 2026 In 2026, significant hikes in healthcare costs are predicted, primarily driven by the anticipated expiration of enhanced subsidies and aggressive premium increases among major insurers. States like New York could see rates soar by over 60%, placing a substantial burden on consumers. The Kaiser Family Foundation projects that nearly 92% of ACA marketplace enrollees could experience as much as a 75% increase in out-of-pocket costs, exacerbating the financial pressure on families already facing healthcare challenges. As healthcare costs continue to rise, proactive planning and strategic healthcare choices for 2025 will be crucial for mitigating the impact. Click here to learn more

For Juniper Networks 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, Juniper Networks 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 Juniper Networks 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 Juniper Networks 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 Juniper Networks 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 Juniper Networks?

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

How does Juniper Networks match employee contributions to the 401(k) plan?

Juniper Networks offers a matching contribution to the 401(k) plan, where the company matches a percentage of employee contributions, up to a certain limit.

What is the eligibility requirement for Juniper Networks' 401(k) plan?

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

Can employees of Juniper Networks change their contribution rate to the 401(k) plan?

Yes, employees at Juniper Networks can change their contribution rate to the 401(k) plan at any time, subject to plan rules.

What investment options are available in Juniper Networks' 401(k) plan?

The 401(k) plan at Juniper Networks offers a variety of investment options, including mutual funds, target-date funds, and company stock.

Does Juniper Networks offer financial education resources for employees regarding the 401(k) plan?

Yes, Juniper Networks provides financial education resources and tools to help employees make informed decisions about their 401(k) savings.

What happens to my 401(k) savings if I leave Juniper Networks?

If you leave Juniper Networks, you have several options for your 401(k) savings, including rolling it over to another retirement account, cashing it out, or leaving it in the Juniper Networks plan if eligible.

Is there a vesting schedule for the company match in Juniper Networks' 401(k) plan?

Yes, Juniper Networks has a vesting schedule for the company match, meaning that employees must work for a certain period before they fully own the matched contributions.

Can employees take loans against their 401(k) balance at Juniper Networks?

Yes, Juniper Networks allows employees to take loans against their 401(k) balance, subject to specific terms and conditions set by the plan.

Are there penalties for early withdrawal from the 401(k) plan at Juniper Networks?

Yes, early withdrawals from the 401(k) plan at Juniper Networks may incur penalties and taxes, unless certain conditions are met.

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

Plan Name: Juniper Networks Pension Plan Years of Service and Age Qualification: Eligibility: Employees are typically eligible for the pension plan after reaching 5 years of service. Age Qualification: Employees generally need to be at least 55 years old to qualify for pension benefits. Pension Formula: The pension benefit is calculated based on years of service and average salary. The formula is often a percentage of the average salary multiplied by years of service. Juniper Networks 401(k) Plan Plan Name: Juniper Networks 401(k) Plan Eligibility: All full-time employees are eligible to participate in the 401(k) plan from their date of hire. 401(k) Plan Details: Employees can contribute a portion of their salary to the 401(k) plan, with company matching contributions up to a specified percentage.

Juniper Networks Restructuring and Layoffs: In early 2023, Juniper Networks announced a significant restructuring plan aimed at streamlining operations and improving efficiency. This included layoffs affecting approximately 5% of their global workforce. The company cited a need to realign resources to better address market demands and operational challenges. Source: Business Insider

Stock Options: In 2022, Juniper Networks (JNPR) offered stock options to its senior executives and key employees. The options were typically granted with a 4-year vesting schedule. RSUs: RSUs were available to a broader employee base, with vesting often tied to performance metrics and tenure.

Medical Insurance: Juniper Networks offers comprehensive medical insurance plans, including PPO and HMO options. They also provide access to a network of healthcare providers. Dental and Vision Insurance: Coverage for dental and vision care is included with various plans to choose from. Health Savings Account (HSA): Available with certain high-deductible health plans (HDHPs), allowing employees to save money for medical expenses on a tax-advantaged basis. Flexible Spending Account (FSA): Provides employees with pre-tax benefits for health-related expenses. Employee Assistance Program (EAP): Offers confidential counseling and resources for personal and work-related issues.

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For more information you can reach the plan administrator for Juniper Networks at , ; or by calling them at .

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