The IRS has announced its health savings account (HSA) contribution limits for 2024. The annual cost-of-living adjustments include a 7.8% increase in individual HSA contributions – one of the largest jumps in recent years, and a definite indication of how inflation has affected health care costs.
A reminder: HSA members have a convenient way to make eligible purchases online. HSA Store carries the largest selection of guaranteed HSA-eligible products. Or if you’ve got an FSA, you can visit the FSA Store!
MedBen clients with questions regarding these adjustments are welcome to contact Director of Administration Sharon A. Mills at 800-423-3151, Ext. 438 or smills@medben.com.