Health Savings Account Changes for 2024
Recently, the Internal Revenue Service released the 2024 health savings account (HSA) limits. Below is a comparison of the current limits and the new limits for 2024.
| 2023 | 2024 | |
| HSA Contribution Limits | Self-Only: $ 3,850 Family: $ 7,750 | Self-Only: $ 4,150 Family: $ 8,300 |
| For those age 55 or older: HSA catch-up contributions | $ 1,000 | $ 1,000 |
| HDHP Minimum Deductibles | Self-Only: $ 1,500 Family: $ 3,000 | Self-Only: $ 1,600 Family: $ 3,200 |
| HDHP Maximum out-of-pocket amounts | Self-Only: $ 7,500 Family: $ 15,000 | Self-Only: $ 8,050 Family: $ 16,100 |
Source: IRS, Revenue Procedure 2023-23; https://www.irs.gov/pub/irs-drop/rp-23-23.pdf