What are the HSA contribution limits for 2024?
An example of an AI chatbot conversation about HSA contribution limits for 2024.
What are the HSA contribution limits for 2024?
For 2024, the HSA contribution limits are $3,850 for individuals and $7,750 for families.
Are there any catch-up contributions for older individuals?
Yes, individuals aged 55 and older can make an additional catch-up contribution of $1,000.
How do these limits compare to 2023?
In 2023, the limits were $3,850 for individuals and $7,750 for families, so they remain the same for 2024.
Can I use my HSA funds for non-medical expenses?
Yes, but if you withdraw funds for non-medical expenses before age 65, you'll incur a penalty and taxes.
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