2024 HSA and EB-HRA Adjustments

2024 HSA and EB-HRA Adjustments

The IRS has released Rev. Proc. 2023-23, with inflation adjusted amounts for health savings accounts (HSAs) and excepted benefit health reimbursement arrangements (EB-HRAs). The amounts are as follows:

Health Savings Accounts (HSAs)

HSA Article - chart 1.png

  • Catch-up contributions for people over 55, which is not tied to a COLA, remains $1,000.
  • The contribution limit applies to the 2024 calendar year.
  • The HDHP deductible and out-of-pocket limits apply to plan years beginning in 2024.

As a reminder, these HSA limits differ from the ACA out-of-pocket limits which for 2024 are $9,450 for self-only coverage ($9,100 in 2023) and $18,900 for family coverage ($18,200 in 2023).

Excepted Benefit Health Reimbursement Arrangements (EB-HRAs)

HSA Article - chart 2.png

  • The annual cap applies to plan years beginning in 2024.


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2024 HSA and EB-HRA Adjustmentshttps://www.cbiz.com/Portals/0/Images/COLA HSA.jpg?ver=Fo7_SWlagYnuygnNI8y_uw%3d%3dThe IRS has released Rev. Proc. 2023-23, with inflation adjusted amounts for health savings accounts (HSAs) and excepted benefit health reimbursement arrangements (EB-HRAs). 2023-06-06T19:00:00-05:00The IRS has released Rev. Proc. 2023-23,with inflation adjusted amounts for health savings accounts (HSAs) and exceptedbenefit health reimbursement arrangements (EB-HRAs).Regulatory, Compliance, & LegislativeEmployee Benefits ComplianceNo