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
HDHP Minimum
2023Self-only coverage$3,850 (+$200)$1,500 (+$100)$7,750 (+$450)
 Family coverage$7,750 (+$450)$3,000 (+$200)$15,000 (+$900)
2022Self-only coverage$3,650$1,400$7,050
 Family coverage$7,300$2,800$14,100

Captain Contributor is an award-winning employee education program created by DataPath, Inc.