2023 HSA Limits Are Announced

Ruder Ware
Contact

On April 29, 2022, the IRS announced the Health Savings Account limits for 2023.  With respect to contribution limits, the limits are slightly higher than the ones for 2022, and the required deductible and out of pocket maximums have increased as well.  As a reminder, these inflation adjusted amounts are effective for calendar year 2023

HSA/HDHP Requirement Cost-of-Living Adjustments
Limit on HSA Contributions – Self-only HDHP 2022 – $3,650

2023 – $3,850

Limit on HSA Contributions – Family HDHP 2022 – $7,300

2023 – $7,750

HDHP Required Deductible – Self-only HDHP 2022 – $1,400

2023 – $1,500

HDHP Required Deductible – Family HDHP 2022 – $2,800

2023 – $3,000

HDHP Out-of-pocket Maximum – Self-only HDHP 2022 – $7,050

2023 – $7,500

HDHP Out-of-pocket Maximum – Family HDHP 2022 – $14,100

2023 – $15,000

HSA Catch-up Contribution Limit 2022 – $1,000

2023 – $1,000

All of the above are for calendar year 2023.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

© Ruder Ware | Attorney Advertising

Written by:

Ruder Ware
Contact
more
less

Ruder Ware on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide