Health Savings Account Changes for 2024

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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.

 20232024
HSA Contribution LimitsSelf-Only: $ 3,850 Family: $ 7,750Self-Only: $ 4,150 Family: $ 8,300
For those age 55 or older: HSA catch-up contributions$ 1,000$ 1,000
HDHP Minimum DeductiblesSelf-Only: $ 1,500 Family: $ 3,000Self-Only: $ 1,600 Family: $ 3,200
HDHP Maximum out-of-pocket amountsSelf-Only: $ 7,500 Family: $ 15,000Self-Only: $ 8,050 Family: $ 16,100

Source: IRS, Revenue Procedure 2023-23; https://www.irs.gov/pub/irs-drop/rp-23-23.pdf