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HSA and HDHP Limits Increase for 2024

HSA and HDHP Limits Increase for 2024

1 minute read

The IRS recently announced the inflation-adjusted contribution limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) will increase for 2024.

Type of Limit 2023 2024 Change
HSA Contribution Limit Self-only $3,850 $4,150 Up $300
Family $7,750 $8,300 Up $550
HSA Catch-up Contributions (not subject to adjustment for inflation) Age 55 or older $1,000 $1,000 No Change
HDHP Minimum Deductible Self-only $1,500 $1,600 Up $100
Family $3,000 $3,200 Up $200
HDHP Maximum Out-of-Pocket Expense Limit (deductibles, copayments, other amounts, but not premiums) Self-only $7,500 $8,050 Up $550
Family $15,000 $16,100 Up $1,100


The adjusted contribution limits for HSAs take effect as of January 1, 2024. Employers may need to update their enrollment materials and communicate the new limits to employees as part of their enrollment process.

The adjusted HDHP cost-sharing limits take effect for the plan year beginning on or after January 1, 2024. Employers may need to make plan design changes for plan years beginning in 2024.

Download the bulletin for more details.

Click to Download the 2023 IRS Contribution Limits Info Sheet

National Insurance Services is not a law firm and no opinion, suggestion, or recommendation of the firm or its employees shall constitute legal advice. Readers are advised to consult with their own attorney for a determination of their legal rights, responsibilities and liabilities, including the interpretation of any statute or regulation, or its application to the readers’ business activities.

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Ken Zastrow

Ken Zastrow

Ken Zastrow enjoys establishing a strong rapport with his clients. He believes that education is key in helping them understand their benefit plans. Ken has a strong background in both active and post-employment benefit strategies. As Employee Benefits Consultant at National Insurance Services, Ken is responsible for the overall assessment and management of all an employer’s benefit plans including claim reconciliation, policy changes, renewals, and medical and dental analytics. He is also well versed in compliance, benefit integration, and early retiree benefits. Ken is a licensed health and life insurance agent, working with schools, cities, and counties in the Midwest Region.