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IRS 2024 HSA Limits

2024 HSA Maximum Contribution

For calendar year 2024, the maximum HSA contribution is $4,150.00 for a person enrolled as single and $8,300.00 for a person enrolled as family.

Self-only contribution limit is changing from $3,850 in 2023 to $4,150 in 2024
Family contribution limit is changing from $7,750 in 2023 to $8,300 in 2024

**Catch-up contributions of $1,000 can be made during the year by HSA-eligible participants who will turn 55 by year-end.

What is a High Deductible Health Plan (HDHP)?

For calendar year 2024, a “high deductible health plan” is defined as a health plan with an annual deductible that is not less than $1,600 for self-only coverage or $3,200 for family coverage.

The maximum annual out-of-pocket expenses for 2024 plans (deductibles, co-payments, and co-insurance, but not premiums) do not exceed $8,050.00 for self-only coverage or $16,100.00 for family coverage.

 

HDHP (self-only coverage) 2023 2024
Annual deductible not less than: $1,500 $1,600
Annual out-of-pocket expenses don’t exceed: $7,500 $8,050

 

HDHP (family coverage) 2023 2024
Annual deductible not less than: $3,000 $3,200
Annual out-of-pocket expenses don’t exceed: $15,000 $16,100