2024 HSA Limits Are Announced

Mary Ellen Schill
Ruder Ware
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On May 17, 2023, the IRS announced the Health Savings Account limits for 2024.  With respect to contribution limits, the limits are higher than the ones for 2023 and the required deductible and out-of-pocket maximums have increased as well.  As a reminder, these inflation adjusted amounts are effective for calendar year 2024

HSA/HDHP Requirement Cost-of-Living Adjustments
Limit on HSA Contributions – Self-only HDHP 2023 – $3,850

2024 – $4,150
Limit on HSA Contributions – Family HDHP 2023 – $7,750

2024 – $8,300
HDHP Required Deductible – Self-only HDHP 2023 – $1,500

2024 – $1,600
HDHP Required Deductible – Family HDHP 2023 – $3,000

2024 – $3,200
HDHP Out-of-pocket Maximum – Self-only HDHP 2023 – $7,500

2024 – $8,050
HDHP Out-of-pocket Maximum – Family HDHP 2023 – $15,000

2024 – $16,100
HSA Catch-up Contribution Limit 2023 – $1,000

2024 – $1,000

All of the above are for calendar year 2024.

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DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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