These limits include:
- The maximum HSA contribution limit;
- The minimum deductible amount for HDHPs; and
- The maximum out-of-pocket expense limit for HDHPs.
Action Steps
HSA/HDHP Limits
Type of Limit | 2024 | 2023 | Change | |
HSA Contribution Limit | Self-only | $4,150 | $3,850 | Up $300 |
HSA Contribution Limit | Family | $8,300 | 7,750 | Up $550 |
HSA Catch-up Contributions (not subject to adjustment for inflation) | Age 55 or older | $1,000 | $1,000 | No change |
HDHP Minimum Deductible | Self-only | $1,600 | $1,500 | Up $100 |
HDHP Minimum Deductible | Family | $3,200 | $3,000 | Up $200 |
HDHP Maximum Out-of-pocket Expense Limit (deductibles, copayments and other amounts, but not premiums) | Self-only | $8,050 | $7,500 | Up $550 |
HDHP Maximum Out-of-pocket Expense Limit (deductibles, copayments and other amounts, but not premiums) | Family | $16,100 | $15,000 | Up $1,100 |
Previous SIMA Benefits News:
Health FSA Limit Will Increase for 2023
How the End of the COVID-19 Emergency Periods Will Impact Health Plans
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