New For 2024: Inflation Adjustments for HSAs and HDHPs

Every year, the IRS announces inflation adjustments for Health Savings Accounts (HSA) and High Deductible Health Plans (HDHP). These adjustments include maximum HSA contributions, minimum deductible amounts, and maximum out-of-pocket (OOP) limits. The new 2024 adjusted amounts are here! Check out the new program limits for 2024 below and bookmark this page for your reference.

Here are the inflation adjusted amounts for 2024:

• Minimum Individual Deductible: $1,600

• Minimum Family Deductible: $3,200

• Maximum Individual Out-Of-Pocket (OOP): $8,050

• Maximum Family OOP: $16,100

• Maximum Individual Contribution: $4,150

• Maximum Family Contribution: $8,300

• Minimum Individual Embedded Deductible: $3,200

• Minimum Family Embedded Deductible: $3,200

Please note: these adjustments apply for the 2024 calendar year.

Need additional information? You can review the official IRS revenue procedure here. Questions? We’re happy to help. Send us an email here.