Compliance Alert: IRS Releases HSA Limits for 2024

May 17, 2023

The IRS has issued Revenue Procedure 2023-23, providing inflation-adjusted Health Savings Account (HSA) contribution amounts for calendar year 2024:  

Maximum Contribution Amount

• Individual - $4,150 (increase of $300)
• Family - $8,300 (increase of $550)   
• Catch-up (age 55+) - $1,000 (no increase) 

High Deductible Health Plan (HDHP) deductible amounts and expense limits for 2024 were also announced:

Annual Maximum Out-of-Pocket Limit for HDHP

• Individual - $8,050 (increase of $550)   
• Family - $16,100 (increase of $1,100) 

Annual Minimum Deductible Limit for HDHP

• Individual - $1,600 (increase of $100)   
• Family - $3,200 (increase of $200)