2024 HSA Limits: Cost-of-Living Adjustments Released by IRS
2024 HSA Limits
The IRS has issued Revenue Procedure 2023-23 (2024 HSA limits), which provides the 2024 cost-of-living contribution and coverage adjustments for HSAs, as required under Code Section 223(g). Many items have increased for 2024.
| Health Savings Accounts | 2023 | 2024 |
| Self-only coverage | ||
| Self-only coverage annual minimum deductible | $1,500 | $1,600 |
| Self-only coverage maximum out of pocket | $7,500 | $8,050 |
| Self-only coverage maximum HSA contribution | $3,850 | $4,150 |
| Family coverage | ||
| Family coverage annual minimum deductible (Family coverage can include a spouse and any dependents) | $3,000 | $3,200 |
| Family coverage maximum out of pocket | $15,000 | $16,100 |
| Family coverage maximum HSA contribution | $7,750 | $8,300 |
| Catch up | $1,000 | $1,000 |
Follow the BASIC blog to stay on top of important legal updates, such as the 2024 HSA limits.
BASIC HSA Administration
BASIC HSA pairs with any carrier high deductible health plan (HDHP) – no need to ever change HSA Trustees! We offer no-cost debit cards, compliance expertise, and a full-service web portal to make things easy. If your company is looking for a cost-effective way to provide a richer benefits package to its employees, BASIC HSA is a no-brainer.
