On Nov. 9, the Internal Revenue Service announced that for 2024, employees can increase their health flexible spending account (FSA) by an additional $150. The 2024 contribution limit is $3,200 (Medical FSA).
The annual limit on HSA contributions for self-only coverage will be $4,150 in 2024, a 7.8% increase from the $3,850 limit in 2023. For family coverage, the HSA contribution limit jumps to $8,300 in 2024, up 7.1% from $7,750 in 2023.
