2024 HSA Limits Are Announced
By Mary Ellen Schill
May 17, 2023
On May 16, 2023, the IRS announced the Health Savings Account limits for 2024. With respect to contribution limits, the limits are higher than the ones for 2023 and the required deductible and out-of-pocket maximums have increased as well. As a reminder, these inflation adjusted amounts are effective for calendar year 2024
| HSA/HDHP Requirement | Cost-of-Living Adjustments |
| Limit on HSA Contributions – Self-only HDHP | 2023 – $3,850
2024 – $4,150 |
| Limit on HSA Contributions – Family HDHP | 2023 – $7,750
2024 – $8,300 |
| HDHP Required Deductible – Self-only HDHP | 2023 – $1,500
2024 – $1,600 |
| HDHP Required Deductible – Family HDHP | 2023 – $3,000
2024 – $3,200 |
| HDHP Out-of-pocket Maximum – Self-only HDHP | 2023 – $7,500
2024 – $8,050 |
| HDHP Out-of-pocket Maximum – Family HDHP | 2023 – $15,000
2024 – $16,100 |
| HSA Catch-up Contribution Limit | 2023 – $1,000
2024 – $1,000 |
All of the above are for calendar year 2024.
For further information, please contact Attorney Mary Ellen Schill, who prepared this article, or any of the attorneys within the Employment & Benefits group at Ruder Ware.
Back to all News & Insights
This document provides information of a general nature regarding legislative or other legal developments, and is based on the state of the law at the time of the original publication of this article. None of the information contained herein is intended as legal advice or opinion relative to specific matters, facts, situations, or issues, and additional facts and information or future developments may affect the subjects addressed. You should not act upon the information in this document without discussing your specific situation with legal counsel.
© 2024 Ruder Ware, L.L.S.C. Accurate reproduction with acknowledgment granted. All rights reserved.