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) |
| 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 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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