IRS Announces 2023 HSA Limits

2023 HSA contribution limit

On April 29 the Internal Revenue Service (IRS) published the 2023 HSA contribution limits, out-of-pocket limits, and High Deductible Health Plan (HDHP) minimum deductibles in Rev. Proc. 2022-24.

2023 HSA Contribution Limits

For 2023, Health Savings Account (HSA) owners will be able to contribute significantly more to their accounts. For those with self-only coverage, the annual limit will be $3,850, an increase of $200. HSA owners with family coverage will be able to contribute up to $7,750, a $450 increase.

HSA Contribution Limits

Self-Only CoverageFamily Coverage
2023 $3,850 (+ $200)$7,750 (+ $450)
2022$3,650$7,300

2023 HDHP Minimum Deductibles and Out-of-Pocket Limits

For the calendar year 2023, an HSA-qualified HDHP must have a minimum annual deductible of $1,500 for self-only coverage and $3,000 for family coverage. Annual maximum out-of-pocket will be capped at $7,500 for self-only coverage and $15,000 for family coverage.

HDHP Minimum Deductibles and Out-of-Pocket Limits

HDHP Minimum DeductibleOut-of-Pocket Limits
2023$1,500 for single coverage (+$100)
$3,000 for family coverage (+$200)
$7,500 for single coverage (+$450)
$15,000 for family coverage (+$900)
2022$1,400 for single coverage
$2,800 for family coverage
$7,050 for single coverage
$14,100 for family coverage

DataPath Summit features all-in-one HSA administration functionality, including account management, banking, and investments.

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