The IRS announced the HSA limits for 2024. The new single maximum contribution limit is increasing to $4,150 and the family maximum is increasing to $8,300.
The 2024 HSA contributions, maximum out of pocket limits, and minimum deductible limits for High Deductible Health Plans (HDHPs) are listed below. Please reach out to your Business Benefit’s team for any questions.
HSA Contribution Limits 2024: Single – $4,150 Family – $8,300
2022: Single – $3,850 Family – $7,750
Catch-up contributions if age 55 or older is an additional $1,000 dollars, not changing from 2021.
Deductible Minimum 2023 (No Change): Single – $1,600 Family – $3,200
2022: Single – $1,500 Family – $3,000
Maximum Out-of-Pocket 2023: Single – $8,050 Family – $16,100
2022: Single– $7,500 Family – $15,000