The IRS has just announced 2024 amounts for Health Savings Accounts - Crawford Ellenbogen

The IRS has released next year’s inflation-adjusted amounts for Health Savings Accounts. For 2024, the annual contribution limit for an individual with self-only coverage under a high-deductible health plan (HDHP) will be $4,150. For an individual with family coverage, it will be $8,300. This is up from $3,850 and $7,750, respectively, for 2023. For calendar year 2024, an HDHP will be a health plan with an annual deductible that isn’t less than $1,600 for self-only coverage or $3,200 for family coverage. And annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) won’t be able to exceed $8,050 for self-only coverage or $16,100 for family coverage.