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 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 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|
Follow the BASIC blog to stay on top of important legal updates, such as the 2024 HSA limits.
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.