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2024 HSA Limits Announced

May 18, 2023

1 minute read

Category: Reimbursement Accounts

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The Internal Revenue Service (IRS) announced annual inflation adjustments for High Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs). These increases are effective for 2024.

View the Full List of Adjustments 

  2024 2023
Annual Limitation on HSA Deductions    
Self-Coverage $4,150 $3,850
Family Coverage $8,300 $7,750
HDHP — Self-Only Coverage    
Deductible not less than $1,600 $1,500
Out-of-pocket expenses max $8,050 $7,500
HDHP — Family Coverage    
Deductible not less than $3,200 $3,000
Out-of-pocket expenses max $16,100 $15,000

How to Increase HSA Participation 

If you have any questions or need help communicating these changes to employees, please contact us.

This blog is up to date as of May 2023 and has not been updated for changes in the law, administration or current events.

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You may purchase HSA-eligible items online at the HSA Store. Browse medical supplies, over-the-counter medication, prescriptions, and more.

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This information is intended to be educational. It is general in nature and should not be considered financial, legal or tax advice. Consult an attorney or a tax professional regarding your specific situation.

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