New HSA Limits Released

new for 2024

HEALTH SAVINGS ACCOUNTS are great for saving or spending

HSA deposits are generally only legal if your only healthcare coverage is a qualified HDHP.

Annual adjustments to Maximum HSA Contribution Levels:

•2024 HSA contribution limit for individual coverage increases by $300 to $4,150

•2024 HSA contribution limit for family coverage increases by $550 to $8,300

2024 minimum deductible and maximum out-of-pocket required to be HSA-qualified:

•2024 minimum deductible for individual coverage increases by $100 to $1,600

•2024 minimum deductible for family coverage increases by $200 to $3,200*

•2024 maximum out-of-pocket limit for individual coverage increases by $550 to $8,050

•2024 maximum out-of-pocket limit for family coverage will increase by $1,100 to $16,100

Note: In family coverage, any embedded individual deductible cannot be lower than the minimum family coverage deductible*