What are the 2024 HSA contribution limits?
| HSA | 2023 | 2024 |
|---|---|---|
| Self-only contribution limit | $3,850 | $4,150 |
| Family contribution limit | $7,750 | $8,300 |
What are the 2024 HDHP amounts/limits?
2024 high-deductible health plan (HDHP) amounts and expense limits also increased. The 2024 HDHP minimum deductible is $1,600 for self-only coverage and $3,200 for family coverage. The maximum out-of-pocket limits for 2024 are $8,050 for self-only and $16,100 for family.
| HDHP (self-only coverage) | 2023 | 2024 |
|---|---|---|
| Minimum deductible | $1,500 | $1,600 |
| Maximum out-of-pocket limit | $7,500 | $8,050 |
| HDHP (family coverage) | 2023 | 2024 |
|---|---|---|
| Minimum deductible | $3,000 | $3,200 |
| Maximum out-of-pocket limit | $15,000 | $16,100 |
The state of HSAs today
Devenir's 2022 year-end HSA research report shows there are $104 billion in HSA assets nationwide in more than 35 million accounts. Over 7% of HSAs have at least a portion of their funds invested.
When can HSA participants change their contributions?
One of the perks of an HSA is that participants can change their contribution amount at any time!
Who is eligible for an HSA?
You must be enrolled in an HSA-eligible health plan (or HDHP) to be eligible to participate in an HSA.
How do HSA catch-up contributions work?
HSA participants who are 55 years of age or older can contribute an extra $1,000 annually. That means these HSA participants eligible for catch-up contributions have 2024 limits of $5,150 for self-only and $9,300 for family coverage.
