IRS Announces 2023 HSA Limits
The Internal Revenue Service (IRS) has published the 2023 contribution limits for Health Savings Accounts (HSAs). They also released the 2023 high deductible health plan (HDHP) minimum deductibles and limits on out-of-pocket expenses.
2023 HSA Contribution Limits
The annual contribution limits for HSAs will increase significantly for both self-only and family coverage. For those with self-only coverage, the limit increases to $3,850; for those with family coverage, the limit increases to $7,750.
HDHP Minimum Deductibles
The minimum deductible for a qualified high deductible health plan (HDHP) also increased. To be HSA-qualified in 2023, an HDHP must have a $1,500 deductible for self-only plans and $3,000 for family plans.
Out-of-Pocket Limits
The maximum out-of-pocket limits in 2023 will increase to $7,500 for self-only coverage and $15,000 for family coverage.
HSA Contribution Limits, HDHP Deductibles, Out-of-Pocket Limits
| HSA Contribution Limits | HDHP Minimum Deductibles | Out-of-Pocket Limits | ||
| 2023 | Self-only coverage | $3,850 (+$200) | $1,500 (+$100) | $7,500 |
| Family coverage | $7,750 (+$450) | $3,000 (+$200) | $15,000 | |
| 2022 | Self-only coverage | $3,650 | $1,400 | $7,050 |
| Family coverage | $7,300 | $2,800 | $14,100 |
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