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