2024 Annual HSA Limits Announced
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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 |