2024 HSA Limits Released

The IRS has issued Revenue Procedure 2023-23, providing inflation-adjusted amounts for health savings accounts (HSAs) for calendar year 2024. Maximum annual HSA contributions will rise from $3,850 to $4,150 for those with self-only insurance coverage, and from $7,750 to $8,300 for those with family coverage.

Minimum deductible amounts for qualifying high deductible health plans will increase from $1,500 for self-only coverage to $1,600, and from $3,000 to $3,200 for a family plan. Maximum annual out-of-pocket amounts under self-only coverage will rise from $7,500 to $8,050, and from $15,000 to $16,100 for family coverage.