The IRS Announces Increased Limits for HSAs
and High Deductible Health Plans
The IRS has released the new increased limits for Health Savings Accounts and High Deductible Health Plans. Below is a snapshot of the changes that go into effect on January 1, 2024.
| NEW 2024 | CURRENT 2023 | |
|---|---|---|
| HSA Contribution Limit (employer & employee) | Individual – $4,150 Family – $8,300 | Individual – $3,850 Family – $7,750 |
| Minimum Annual HDHP Deductible | Individual – $1,600 Family – $3,200 | Individual – $1,500 Family – $3,000 |
| Maximum OOP for HDHP (including deductibles, copayments, & other amounts except premiums) | Individual – $8,050 Family – $16,100 | Individual – $7,500 Family – $15,000 |