IRS Releases 2024 HSA Limits

The Internal Revenue Service (IRS) published the 2024 annual contribution limits for Health Savings Accounts (HSAs) on May 16. They also announced high deductible health plan (HDHP) minimum deductibles and out-of-pocket maximums for next year.

2024 HSA Contribution Limits

For 2024, HSA owners will see a significant increase in the amount they can contribute to their accounts.

The annual limit for those with self-only coverage will be $4,150 in 2024. For those with family coverage, the 2024 annual limit will be $8,300.

2024 Minimum Deductibles

To be HSA-qualified in 2024, an HDHP must have a minimum annual deductible of $1,600 for self-only coverage and $3,200 for family coverage.

2024 Out-of-Pocket Limits

Annual out-of-pocket limits are increasing next year. In 2024, the limits are capped at $8,050 for self-only plans and $16,100 for family plans.

2024 HSA Contribution Limits, HDHP Minimum Deductibles, Out-of-Pocket Limits

Annual Contribution
HDHP Minimum DeductiblesOut-of-Pocket Limits
2024 Self-Only 
2024 Family Coverage$8,300$3,200 $16,100
2023 Self-Only Coverage$3,850$1,500$7,500
2023 Family Coverage$7,750$3,000$15,000

DataPath Administrative Services has provided comprehensive third-party employee benefits administration and compliance services to Arkansas employers since 1996. Please enter your email (above right) to receive notifications about new blog articles as they are published.