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

Nasdaq Employees, Prepare for Enhanced HSA Benefits in 2025

Healthcare Provider Update: Offers medical, dental, vision, mental health, and fertility benefits, plus FSAs and HSAs 9. As ACA premiums rise and subsidies expire, Nasdaqs comprehensive benefits help employees avoid the financial strain of marketplace plans. Click here to learn more

For Nasdaq 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, Nasdaq 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 Nasdaq 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 Nasdaq 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 Nasdaq 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 type of retirement plan does Nasdaq offer to its employees?

Nasdaq offers a 401(k) Savings Plan to its employees.

How can employees at Nasdaq enroll in the 401(k) Savings Plan?

Employees at Nasdaq can enroll in the 401(k) Savings Plan through the company’s HR portal during the enrollment period.

Does Nasdaq match employee contributions to the 401(k) Savings Plan?

Yes, Nasdaq provides a matching contribution to employee contributions made to the 401(k) Savings Plan, up to a certain percentage.

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

The vesting schedule for Nasdaq's 401(k) matching contributions typically follows a graded vesting schedule over a period of years.

Are there any investment options available within Nasdaq's 401(k) Savings Plan?

Yes, Nasdaq’s 401(k) Savings Plan offers a variety of investment options, including mutual funds and target-date funds.

Can employees at Nasdaq take loans against their 401(k) Savings Plan?

Yes, employees at Nasdaq may have the option to take loans against their 401(k) Savings Plan, subject to specific terms and conditions.

What is the minimum contribution percentage for Nasdaq employees participating in the 401(k) Savings Plan?

The minimum contribution percentage for Nasdaq employees participating in the 401(k) Savings Plan is typically set at 1% of their salary.

Does Nasdaq allow for catch-up contributions in its 401(k) Savings Plan?

Yes, Nasdaq allows employees aged 50 and older to make catch-up contributions to their 401(k) Savings Plan.

How often can Nasdaq employees change their contribution amounts to the 401(k) Savings Plan?

Nasdaq employees can change their contribution amounts to the 401(k) Savings Plan at designated times, typically during open enrollment or at specific intervals throughout the year.

What resources does Nasdaq provide to help employees manage their 401(k) Savings Plan?

Nasdaq provides resources such as financial counseling, online tools, and educational materials to help employees manage their 401(k) Savings Plan.

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

Pension Plan Name: Identify the official name of Nasdaq's pension plan. Years of Service and Age Qualification: Determine the minimum years of service and age requirements for eligibility. Pension Formula: Review the formula used to calculate the pension benefits. Plan Details: Gather details about who qualifies for the pension plan. 401(k) Plan Name: Identify the official name of Nasdaq's 401(k) plan. Eligibility: Determine who qualifies for the 401(k) plan.

Restructuring and Layoffs: Nasdaq announced a significant restructuring plan in early 2024 aimed at streamlining its operations and reducing costs. This plan included layoffs affecting approximately 5% of its workforce across various departments. The restructuring is part of Nasdaq’s strategy to enhance efficiency and adapt to the evolving financial landscape. The current economic environment, characterized by fluctuating market conditions and regulatory changes, makes it crucial for investors and employees to stay informed about such shifts. Staying updated on these changes helps manage potential impacts on personal investments and employment stability.

Benefits Overview: Nasdaq offers a comprehensive benefits package including medical, dental, and vision insurance, with options for both HDHP and PPO plans. Employees have access to HSAs and FSAs (Flexible Spending Accounts). The benefits also include an Employee Assistance Program (EAP), wellness programs, and mental health resources. The official site provides detailed summaries of coverage options, including preventive care, specialist visits, and prescription benefits.

Additional Articles

Check Out Articles for Nasdaq employees

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

https://www.thelayoff.com/ https://www.bloomberg.com/asia https://www.reuters.com/ https://www.wtwco.com/location-selector-landing-page https://www.mercer.com/