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2024 Annual HSA Limits Announced

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.