2024 HSA, HDHP and excepted-benefit HRA figures set 

May 16, 2023

IRS has announced the 2024 inflation-adjusted amounts for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted-benefit health reimbursement arrangements (HRAs). In 2024, tax-deductible/tax-free HSA contribution limits, HDHP in-network out-of-pocket maximums and HDHP minimum annual deductibles will rise significantly from 2023 levels for both self-only and family coverage levels. The HSA catch-up contribution limit is set by statute and hasn’t changed since 2009. The 2024 maximum annual employer contribution for an excepted-benefit HRA will increase to $2,100. The table below shows the HSA, HDHP and excepted-benefit HRA limits for 2022‒2024.

Affordable Care Act (ACA) out-of-pocket maximums are higher than projected amounts. As announced by the Centers for Medicare & Medicaid Services (CMS) in December 2022, the out-of-pocket maximums for nongrandfathered group health plans under the ACA — $9,450 for self-only and $18,900 for other coverages — are higher than the 2024 HDHP out-of-pocket maximums.

• Rev. Proc. 2023-23 (IRS, May 16, 2023)
• FFCRA, CARES Act and HIPAA implementation FAQs, Part 58 (DOL, HHS and Treasury, March 29, 2023)
• Premium adjustment percentage, maximum annual limitation on cost sharing, reduced maximum annual limitation on cost sharing and required contribution percentage for the 2024 benefit year (CMS, Dec. 12, 2022)

• Mercer projects 2024 HSA, HDHP and excepted-benefit HRA figures (Feb. 15, 2023)
• Summary of 2023 benefit-related cost-of-living adjustments (Jan. 25, 2023)
• 2023 quick benefit facts (Jan. 20, 2023)
• Two-year renewal of predeductible HDHP telehealth coverage now law (Jan. 11, 2023)
• Final rules ease restrictions on health reimbursement arrangements (June 14, 2019)

• Consumer-directed health plans
• COVID-19 national emergency may end earlier than previously announced (March 31, 2023)
• How to maximize HDHPs and HSAs to save costs, promote health and retain talent (March 17, 2022)
• HSAs: Saving for, and during, an emergency (May 14, 2020)
• Could free COVID-19 services sabotage your HSA? IRS just weighed in (March 12, 2020)
• HSA enrollment rises even as full-replacement strategies decline (Jan. 7, 2020)
• To treat or to prevent? That is (still) the HSA question (Jan. 7, 2020)
• Balancing the risks and rewards of saving through an HSA (Jan. 7, 2020)
• HSA balances: The more you save, the more you spend — but is that bad? (Sept. 5, 2019)
• HSA vs. 401(k): Help your employees win the battle for account funding (Jan. 31, 2019)