Date Published: February 14, 2024
Good news! The Internal Revenue Service (IRS) is increasing Health Savings Account (HSA) contribution limits, so you can save more and earn more tax-free*.
For the calendar year 2024, HSA contribution limits will be $4,150 for Self-only and $8,300 for Family coverage, up from $3,850 and $7,750 respectively in 2023.
The IRS also sets the annual minimum deductible and maximum out-of-pocket expenses for High Deductible Health Plans (HDHP) which are paired with HSAs. For 2024, both the minimum deductibles and the annual out-of-pocket maximums for HDHPs will increase (see below for 2024 amounts).
And if you age 55 or better, you can still make a catch-up contribution up to $1,000 over the annual contribution limit.
2024
HSA contribution limit
(employer + employee)
- Self-only: $4,150
- Family: $8,300
- HSA catch-up contributions (age 55 or older): $1,000
HDHP minimum deductibles
- Self-only: $1,600
- Family: $3,200
HDHP maximum out-of-pocket amounts
(deductibles, co-payments, and other amounts, but not premiums)
- Self-only: $8,050
- Family: $16,100