plans set a minimum deductible of $1,600 and $3,200 for individuals and families, which rises to $1,650 and $3,300 in 2025, respectively. The maximum deductible for 2024 is $8,050 for an individual and $16,100 for a family in 2024...
In 2024, the minimum deductible for an HDHP is $1,600 for an individual plan and $3,200 for family coverage, but some plans have even higher deductibles.1 How does a high-deductible health plan work? You may pay less in premiums for HDHPs in exchange for you taking on the risk you...
2024 2023 Change Annual HSA Contribution Limit (employer and employee) Self-only: $4,150 Family: $8,300 Self-only: $3,850 Family: $7,750 Self-only: +$300 Family: +$550 HSA catch-up contributions (employer and employee) $1000 $1000 No change Minimum Annual HDHP Deductible Self-only:...
Many employers don’t realize that just having a plan with a high deductible isn’t, by itself, sufficient to make it an HDHP (which, by its very nature, is then HSA qualified/eligible). There are three important criteria the health plan must meet; the minimum deductible, the maximum ou...