2024 HSA contribution limits
Each year, the Internal Revenue Service (IRS) sets contribution limits for health savings accounts (HSAs). The 2024 HSA contribution limits are as follows:
Individual | Families | |
---|---|---|
Maximum HSA contribution level | $4,150 | $8,300 |
Minimum deductible for qualifying high deductible health plan (HDHP) | $1,600 | $3,200 |
Maximum out-of-pocket expenses for HDHP | $8,050 | $16,100 |
2024 HSA contribution limits
Each year, the Internal Revenue Service (IRS) sets contribution limits for health savings accounts (HSAs). The 2024 HSA contribution limits are as follows:
2024 HSA contribution limits:
An individual with coverage under a qualifying high-deductible health plan (deductible not less than $1,600) can contribute up to $4,150 — up $300 from 2023 — for the year. The maximum out-of-pocket is capped at $8,050.
An individual with family coverage under a qualifying high-deductible health plan (deductible not less than $3,200) can contribute up to $8,300 — up $550 from 2023 — for the year. The maximum out-of-pocket is capped at $16,100.
Catch-up contributions: Individuals who have an HSA and are over age 55 can also contribute an extra $1,000 annually, in what is commonly called a “catch-up” contribution.
For more information, see the announcement regarding IRS revenue procedure 2023-23 at irs.gov.*