News & Updates

← Back to News & Updates

2024 Annual HSA Limits Announced

May 18, 2023

The IRS has released the 2024 annual HSA contribution limits. The table below shows the 2023 and 2024 amounts with the year-over-year changes.

HSA Contribution Limits 2023 2024 Change
Individual $3,850 $4,150 +$300
Family $7,750 $8,300 +$450

Additionally, the IRS increased the minimum annual deductibles and the maximum out-of-pocket maximum for high deductible health plans.

Self-only coverage 2023 2024 Change
Deductible $1,500 $1,600 +$100
Out-of-pocket maximum $7,500 $8,050 +$550

Family coverage 2023 2024 Change
Deductible $3,000 $3,200 +$200
Out-of-pocket maximum $15,000 $16,100 +$1,100

Click here to read the IRS announcement.

 

For questions, please contact a member of your B&P Sales Team – 888.722.3373.

©2023 BEERE&PURVES
Privacy Policy