The IRS has recently released Rev. Proc. 2023-23. In this notice, the IRS announced the annual alterations to certain HSA and HDHP monetary values for 2024:

- HSA Contribution Limits: $4,150 for self-only coverage and $8,300 for family coverage (up from $3,850 and $7,750 in 2023).

- HDHP Minimum Deductible: $1,600 for self-only coverage and $3,200 for family coverage (up from $1,500 and $3,000 in 2023).

- HDHP Maximum Out-of-Pocket: $8,050 for self-only coverage and $16,100 for family coverage (up from $7,500 and $15,000 in 2023).

HSA catch-up contributions for those ages 55 and older remain constant at $1,000.

You can read the entire IRS Revenue Procedure HERE.