IRS Has Announced 2024 HSA Contribution Limits

The 2024 HSA Contribution Limits have been given a boost due to inflation, including minimum deductibles and maximum out-of-pocket expenses for HDHPs. Below, the changes are listed in comparison to 2023.

Health Savings Accounts (HSAs)

HDHP Min Annual Deductible – Single$1,600$1,500
HDHP Min Annual Deductible – Family$3,200$3,000
HDHP Out of Pocket Max – Single$8,050$7,500
HDHP Out of Pocket Max – Family$16,100$15,000
HSA Max Contribution Limit – Single$4,150$3,850
HSA Max Contribution Limit – Family$8,300$7,750
HSA Catch-Up Contribution Limit$1,000$1,000

These changes can be confusing and may affect your benefits strategy. If you need assistance with your benefits, the team at Eli Advisors can help you. Contact us today!

author avatar
Eric Thieringer President
Eric Thieringer is president of Eli Advisors, an HR, payroll and employee benefits firm focused on serving small to mid-size organizations. Eli's services and support address the frustrating gaps that challenge employers and their employees. By solving these problems, Eli Advisors creates financially sustainable programs and services that help organizations attract, retain, and engage the talent needed to succeed.