2023 HSA Limits Are Announced

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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.

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