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HSA Contribution Limits Get Biggest-Ever Boost for 2024


  • For 2024, the annual contribution limit for health savings accounts, or HSAs, is rising to $4,150 from $3,850 for self-only plans, which is a 7.8% increase.
  • The deposit limit for family plans will also have a sizable increase of about 7% for 2024, jumping to $8,300 from $7,750.
  • You must have a high-deductible health insurance plan to make contributions, but HSAs can offer three tax benefits, experts say.

The IRS is giving a big boost for 2023 and you will be able to sock away a lot more money in your health savings accounts (HSAs) next year.

Annual HSA contribution limits for 2024 are increasing in one of the biggest jumps in recent years, the IRS announced May 16: The annual limit on HSA contributions for self-only coverage will be $4,150, a 7.8 percent increase from the $3,850 limit in 2023. For family coverage, the HSA contribution limit jumps to $8,300, up 7.1 percent from $7,750 in 2023.

Participants 55 and older can contribute an extra $1,000 to their HSAs. This amount will remain unchanged.

Meanwhile, for 2024, a high-deductible health plan (HDHP) must have a deductible of at least $1,600 for self-only coverage, up from $1,500 in 2023, or $3,200 for family coverage, up from $3,000, the IRS noted. Annual out-of-pocket expense maximums (deductibles, co-payments and other amounts, but not premiums) cannot exceed $8,050 for self-only coverage in 2024, up from $7,500 in 2023, or $16,100 for family coverage, up from $15,000.

The IRS also announced it will raise the maximum amount that employers may contribute to an excepted-benefit health reimbursement arrangement (HRA) in 2024 to $2,100—up from the 2023 amount of $1,950.

The increases are detailed in IRS Revenue Procedure 2023-23 and take effect in January 2024.


​Contribution and Out-of-Pocket Limits
for Health Savings Accounts and High-Deductible Health Plans




HSA contribution limit (employer + employee)

Self-only: $4,150 
Family: $8,300

Self-only: $3,850
Family: $7,750

Self-only: +$300
Family: +$550

HSA catch-up contributions (age 55 or older)



No change
(set by statute)

HDHP minimum deductibles

Self-only: $1,600
Family: $3,200

Self-only: $1,500
Family: $3,000

Self-only: +$100
Family: +$200

HDHP maximum out-of-pocket amounts (deductibles, co-payments and other amounts, but not premiums)

Self-only: $8,050
Family: $16,100

Self-only: $7,500
Family: $15,000

Self-only: +$550
Family: +$1,100

Source: IRS, Revenue Procedure 2023-23.