On May 16th, the IRS released Rev. Proc. 2023-23, which outlines the 2024 inflation-adjusted amounts for Health Savings Accounts and compatible High Deductible Health Plans. Adjusted amounts include HDHP calendar year minimum deductibles, out-of-pocket maximums and the annual HSA contribution limits as follows:

2024 2023 Change
HDHP Minimum Deductible Individual $1,600 $1,500 +$100
Family $3,200 $3,000 +$200
HDHP Out-of-Pocket Limits Individual $8,050 $7,500 +$550
Family $16,100 $15,000 +$1,100
HDHP Maximum Annual Contribution Limit Individual $4,150 $3,850 +$300
Family $8,300 $7,750 +$550
HSA Catch Up Contribution $1,000 $1,000 $0

 

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