2024 Limits Announced for Health Savings Accounts (HSA), High Deductible Health Plans, and Excepted Benefit HRAs

On May 16, 2023, the Internal Revenue Service released updates to the maximum annual 2024 contribution limits for health savings accounts (HSAs) under high deductible health plans (HDHPs). These limits apply to both individual and family coverage. The updates also include deductible minimums and out-of-pocket (OOP) expense limits for HDHPs and an increase to the maximum amount that may be made newly available for excepted benefit health reimbursement arrangements (EBHRAs).

Note: The HSA, HDHP, and out-of-pocket thresholds apply for the 2024 calendar year, while the HRA maximum applies to the 2024 plan year.

Effective January 1, 2024, the new limits will be:

For more information, please contact compliance@benefitmall.com.