IRS Announces 2024 excepted benefits HRA and HSA limits

The IRS released Rev. Proc. 2023-23 on May 16, 2023, containing the 2024 high deductible health plan, HSA, and excepted benefits HRA annual limits. The plan limits apply to plan years beginning during the 2024 calendar year. The HSA annual contribution limits apply to the 2024 calendar year.

 

2024 Limits Announced

 

2024

2023

Difference

       
       
       

Excepted Benefit HRA Maximum 

$2,100

$1,950

+$150

HSA Contribution Limit

Self Only:

$4,150

 

Family:

$8,300

Self Only:

$3,850

 

Family:

$7,750

Self Only:

+$300

 

 

Family:

+$550

HSA Catch-up Contribution

(age 55 or older)

$1,000

$1,000

No change

HDHP Minimum Deductibles

Self-Only:

$1,600

 

Family:

$3,200

Self-Only:

$1,500

 

Family:

$3,000

Self Only:

+100

 

Family:

+200

HDHP Maximum-Out-Of-Pocket

Self-Only:

$8,050

 

Family:

$16,100

Self-Only:

$7,500

 

Family:

$15,000

Self-Only:

+$550

 

Family:

+$1,100