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 Coverage||Family Coverage|
|2023||$3,850 (+ $200)||$7,750 (+ $450)|
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 Deductible||Out-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
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