IRS Releases HSA Limits for 2024

A mother and daughter put money into a piggy bank. Above their image is a dark blue banner with the heading "2024 HSA Limits" in white font.


On May 16, 2023, the IRS released the inflation-adjusted amounts for Health Savings Accounts for 2024.  Among the changes are increases to the minimum High Deductible Health Plan (HDHP) amounts for single coverage ($1,600) and family coverage ($3,200).  Below is a table with the updated HSA limits for 2024, effective January 1, 2024.


HSA Limits for 2024

Health Savings Account



HSA Contribution Limit – Individual Coverage $3,850 $4,150
HSA Contribution Limit – Family Coverage $7,750 $8,300
HDHP Minimum Deductible – Individual Coverage $1,500 $1,600
HDHP Minimum Deductible – Family Coverage $3,000 $3,200
HDHP Maximum Out-of-Pocket – Individual Coverage $7,500 $8,050
HDHP Maximum Out-of-Pocket – Family Coverage $15,000 $16,100


How Does an HSA Benefit You?

HSAs provide significant savings for families with three tax-saving opportunities:

  1. Contributions are made with pre-tax dollars
  2. Funds earn interest tax-free
  3. Withdrawals for qualified eligible expenses are tax-free

HSAs also have long-term investment opportunities with tax benefits on contributions, earnings and distributions.


HSA Eligible Expense List

Browse thousands of pre-approved HSA eligible expenses with P&A’s vendor partner, HSA Store.  See what’s eligible for purchase with your HSA, stock up on eligible expenses and discover new healthcare products.


Log Into Your HSA

To check your account balance or manage your HSA, log into your account.

Pro Tip:  Health Savings Accounts are triple-tax advantaged accounts that can save you significantly on healthcare costs.  See how you can benefit from an HSA.

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