The 2023 hsa contribution limit for an individual is $4,150. Health savings accounts are already an unsung hero of saving money in an account for medical expenses without paying taxes on those funds.
For a family plan, the limit is $8,300. This is a $150 increase for individuals and a $250 increase for families from the 2024 hsa contribution limits.
But In 2024, The Benefits Will Get Even Better Because The Internal Revenue Service Has Increased The Contribution Limits Starting Jan.1 Of That Year.
This is up from $3,850, $7,750, and unchanged from $1,000 in 2023, respectively.
The Health Savings Account (Hsa) Contribution Limits Effective January 1, 2024, Are Among The Largest Hsa Increases In Recent Years.
The 2024 hsa contribution limit for family coverage (employee plus at least one other covered individual) increases by $550 to $8,300.
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The Maximum Contribution For Family Coverage.
This limit applies to families where at least two family members are covered by an hdhp.
To Be Eligible For An Hsa.
Significant hsa contribution limit increase for 2024, this is because hsa owners over age 55 have the chance to add an extra $1,000 to their hsas each year above the annual contribution max (currently $4,150 for individuals and.