Out-of-Pocket Maximums and Deductible Limits For 2024

Maximums and Deductibles on HSA-Eligible Plans in 2024

Below are the HSA limits for 2024. These are the limits for not only HSA contributions but also the limits for HSA-eligible plans under the ACA.

HSA Chart for 2024

First off, here is an easy-to-read 2024 HSA chart that sums up HSA minimums, maximums, and limits. See detailed information below.

2024 Minimum Deductible Maximum Out-of-Pocket Contribution Limit 55+ Contribution
Single $1,600 $8,050 $4,150 +$1,000
Family $3,200 $16,100 $8,300 +$1,000
FACT: HSA’s aren’t “use it or lose it.” The money that you put in an HSA goes in tax-free. You can keep it, invest it, use it tax-free on medical expenses, withdraw funds from it at a fee, and roll it over into a retirement account when you are ready for Medicare. Only FSAs, the kind of health savings account you get through your employer, is “use it or lose it.”

Minimum Deductible for HSA Eligibility 2024

  • $1,600 for self-only coverage ($100 increase from 2023)
  • $3,200 for family coverage ($200 increase from 2023)

NOTE: The minimum deductible is the minimum deductible your High Deductible Health Plan must have after cost assistance.

Maximum Out-of-Pocket Limit for HSA Eligibility 2024

  • $8,050 for self-only coverage ($550 increase from 2023)
  • $16,100 for family coverage ($11,00 increase from 2023)

NOTE: The maximum out-of-pocket is the highest maximum a plan can have to qualify for an HSA.

TIP: The maximums are slightly lower on HSA-compatible plans than they are in general on health plans. This has to do with the fact that the rates are raised by different mechanisms. The difference allows for non-HSA compatible high deductible plans. Thus, if you want an HSA, make sure your plan is “HSA Eligible.”

HSA Contribution Limit for 2024

  • $4,150 for self-only coverage ($300 increase from 2022)
  • $8,300 for family coverage ($550 increase from 2022)

NOTE: 55 plus can contribute an extra $1,000.

TIP: See Rev. Proc. 2023-23 for final HSA levels.

Author: Thomas DeMichele

Thomas DeMichele is the head writer and founder of ObamaCareFacts.com, FactsOnMedicare.com, and other websites. He has been in the health insurance and healthcare information field since 2012. ObamaCareFacts.com is a...

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