{"id":4685,"date":"2023-06-15T13:22:42","date_gmt":"2023-06-15T18:22:42","guid":{"rendered":"https:\/\/www.employco.com\/blog\/?p=4685"},"modified":"2023-06-20T14:46:08","modified_gmt":"2023-06-20T19:46:08","slug":"hr-newsletter-new-hsa-limits-for-2024","status":"publish","type":"post","link":"https:\/\/www.employco.com\/blog\/2023\/06\/15\/hr-newsletter-new-hsa-limits-for-2024\/","title":{"rendered":"HR Newsletter: New HSA Limits for 2024"},"content":{"rendered":"

\"New<\/p>\n

On May 16, 2023, the IRS released Revenue Procedure 2023-23<\/a> to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2024. The IRS is required to publish these limits by June 1 of each year.<\/p>\n

These limits include<\/strong><\/span>:<\/p>\n\n\n\n\n<\/colgroup>\n\n\n\n\n\n\n\n\n\n\n
<\/th>\n2024<\/span><\/th>\n2023<\/span><\/th>\n<\/tr>\n<\/thead>\n
Contribution Limit (Individual)<\/td>\n$4,150<\/td>\n$3,850<\/td>\n<\/tr>\n
Contribution Limit (Family)<\/td>\n$8,300<\/td>\n$7,750<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
Catch-up Contribution (Age 55+)<\/td>\n$1,000<\/td>\n$1,000<\/td>\n<\/tr>\n
<\/td>\n<\/td>\n<\/td>\n<\/tr>\n
HDHP Minimum Deductible (Indiv)<\/td>\n$1,600<\/td>\n$1,500<\/td>\n<\/tr>\n
HDHP Minimum Deductible (Fam)<\/td>\n$3,200<\/td>\n$3,000<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Contact us<\/a> with any questions or needed guidance related to employee benefit plans.<\/p>\n","protected":false},"excerpt":{"rendered":"

On May 16, 2023, the IRS released Revenue Procedure 2023-23 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2024. The IRS is required to publish these limits by June 1 of… <\/p>\n

Continue reading →<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[31],"tags":[],"class_list":["post-4685","post","type-post","status-publish","format-standard","hentry","category-hr-newsletter"],"featured_image_src":null,"author_info":{"display_name":"Employco USA","author_link":"https:\/\/www.employco.com\/blog\/author\/employcousa\/"},"yoast_head":"\r\nHR Newsletter: New HSA Limits for 2024 - Employco Blog<\/title>\r\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\r\n<link rel=\"canonical\" href=\"https:\/\/www.employco.com\/blog\/2023\/06\/15\/hr-newsletter-new-hsa-limits-for-2024\/\" \/>\r\n<meta property=\"og:locale\" content=\"en_US\" \/>\r\n<meta property=\"og:type\" content=\"article\" \/>\r\n<meta property=\"og:title\" content=\"HR Newsletter: New HSA Limits for 2024 - Employco Blog\" \/>\r\n<meta property=\"og:description\" content=\"On May 16, 2023, the IRS released Revenue Procedure 2023-23 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2024. 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Description20242023Regular Contribution Limit$23,000$22,500Catch-up Contribution Limit$7,500$7,500Employee + Company Limit$69,000$66,000 Click the following link to read our Legal Update article on this topic:\u2026","rel":"","context":"In "HR Newsletter"","block_context":{"text":"HR Newsletter","link":"https:\/\/www.employco.com\/blog\/category\/employco-in-the-news\/hr-newsletter\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":3685,"url":"https:\/\/www.employco.com\/blog\/2021\/11\/15\/hr-newsletter-new-401k-limits-for-2022\/","url_meta":{"origin":4685,"position":1},"title":"HR Newsletter: New 401(k) Limits for 2022","author":"Employco USA","date":"November 15, 2021","format":false,"excerpt":"On Nov. 4, 2021, the Internal Revenue Service (IRS) announced new caps for employee and company 401(k) contributions in 2022: 2021 2022 Maximum employee elective deferral (age 49 and younger) $19,500 $20,500 Employee catch-up contribution (age 50 or older) $6,500 $6,500 Maximum employee elective deferral plus catch-up $26,000 $27,000 The\u2026","rel":"","context":"In "HR Newsletter"","block_context":{"text":"HR Newsletter","link":"https:\/\/www.employco.com\/blog\/category\/employco-in-the-news\/hr-newsletter\/"},"img":{"alt_text":"IRS","src":"https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/November2021_IRS.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/November2021_IRS.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/November2021_IRS.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/November2021_IRS.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.employco.com\/images\/newsletter\/HR\/November2021_IRS.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":5180,"url":"https:\/\/www.employco.com\/blog\/2023\/12\/12\/hr-chat-w-employco-usa-irs-announces-2024-annual-limits-for-benefits\/","url_meta":{"origin":4685,"position":2},"title":"HR Chat w\/Employco USA: IRS Announces 2024 Annual Limits for Benefits","author":"Employco USA","date":"December 12, 2023","format":false,"excerpt":"https:\/\/youtu.be\/xk52enKQGhA Join Rob and Jason in this HR Chat as they delve into the latest updates from the IRS regarding 2024 annual limits for benefits. They cover new thresholds effective January 1st for FSA plans, 401(k) contributions, and commuter benefits. They also highlight distinctions between FSA and HSA plans, healthcare\u2026","rel":"","context":"In "HR Chat"","block_context":{"text":"HR Chat","link":"https:\/\/www.employco.com\/blog\/category\/human-resources\/hr-chat\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/xk52enKQGhA\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4727,"url":"https:\/\/www.employco.com\/blog\/2023\/07\/12\/hr-chat-w-employco-usa-irs-increasing-hsa-limits-in-2024\/","url_meta":{"origin":4685,"position":3},"title":"HR Chat w\/Employco USA: IRS Increasing HSA Limits in 2024","author":"Employco USA","date":"July 12, 2023","format":false,"excerpt":"https:\/\/youtu.be\/k7QsYWIUnko Join Rob and Jason in this HR Chat as they discuss the IRS announcement of increased HSA limits for 2024. Discover the triple tax savings of HSAs, the advantages over FSAs, and how they can help reduce premiums and assist in retirement planning. Don't miss out on this valuable\u2026","rel":"","context":"In "HR Chat"","block_context":{"text":"HR Chat","link":"https:\/\/www.employco.com\/blog\/category\/human-resources\/hr-chat\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/img.youtube.com\/vi\/k7QsYWIUnko\/0.jpg?resize=350%2C200","width":350,"height":200},"classes":[]},{"id":4385,"url":"https:\/\/www.employco.com\/blog\/2022\/12\/15\/hr-newsletter-new-benefit-plan-limits-for-2023\/","url_meta":{"origin":4685,"position":4},"title":"HR Newsletter: New Benefit Plan Limits for 2023","author":"Employco USA","date":"December 15, 2022","format":false,"excerpt":"Many benefit plan limits have changed for the new calendar year. Here are some limits to review for 2023: 401(k) Limits Pre-tax contributions: $22,500 (up $2,000 from 2022) Catch-up contributions: $7,500 (up $1,000 from 2022) Flexible Spending Account (FSA) Limits Health FSA contributions: $3,050 (up $200 from 2022) Health FSA\u2026","rel":"","context":"In "HR Newsletter"","block_context":{"text":"HR Newsletter","link":"https:\/\/www.employco.com\/blog\/category\/employco-in-the-news\/hr-newsletter\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":5586,"url":"https:\/\/www.employco.com\/blog\/2024\/11\/20\/hr-newsletter-new-2025-benefit-plan-limits\/","url_meta":{"origin":4685,"position":5},"title":"HR Newsletter: New 2025 Benefit Plan Limits","author":"Employco USA","date":"November 20, 2024","format":false,"excerpt":"Many benefit plan limits have changed for the new calendar year. Plans such as 401(k), FSA, and HSA all have new maximums set for 2025. Click the following link to access our Infographic \u2013 2025 Limits to Know.","rel":"","context":"In "HR Newsletter"","block_context":{"text":"HR Newsletter","link":"https:\/\/www.employco.com\/blog\/category\/employco-in-the-news\/hr-newsletter\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"_links":{"self":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts\/4685","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/comments?post=4685"}],"version-history":[{"count":7,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts\/4685\/revisions"}],"predecessor-version":[{"id":4709,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/posts\/4685\/revisions\/4709"}],"wp:attachment":[{"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/media?parent=4685"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/categories?post=4685"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.employco.com\/blog\/wp-json\/wp\/v2\/tags?post=4685"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}