2023 HSA Limits Are Announced

April 29, 2022

On April 29, 2022, the IRS announced the Health Savings Account limits for 2023. With respect to contribution limits, the limits are 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.

For further information, please contact Attorney Mary Ellen Schill, who prepared this article, or any of the attorneys within the Employment & Benefits group at Ruder Ware.

Disclaimer

The content in the following blog posts is based upon the state of the law at the time of its original publication. As legal developments change quickly, the content in these blog posts may not remain accurate as laws change over time. None of the information contained in these publications is intended as legal advice or opinion relative to specific matters, facts, situations, or issues. You should not act upon the information in these blog posts without discussing your specific situation with legal counsel.