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HSA / HDHP limit increase for 2023



HSA AsparagusOn April 29, 2022, the IRS released Revenue Procedure 2022-24 to provide the inflation-adjusted limits for health savings accounts (HSA) and high-deduction health plans (HDHP) for 2023. The IRS must publish these limits by June 1 of each year.

These limits include:

  • The maximum HSA grant limit;
  • The minimum deductible amount for HDHP; and
  • The maximum spending limit for HDHP.

These limits vary depending on whether an individual has only self- or family coverage under an HDHP.

Eligible individuals with HDHP coverage for themselves alone will be able to contribute 3 850 USD to their HSAs for 2023, up from $ 3,650 by 2022. Eligible individuals with family HDHP coverage will be able to contribute $ 7,750 to their HSAs for 2023, up from $ 7,300 by 2022. Individuals aged 55 or over are allowed to make an additional $ 1,000 “catch-up” contribution to their HSAs.

The lowest deductible for HDHP increases 1 500 USD for own coverage and 3,000 USD for family coverage for 2023 (up from $ 1,400 for self-coverage only and $ 2,800 for family coverage for 2022). HDHP’s maximum spending limit increases 7 500 USD for own coverage and $ 15,000 for family coverage for 2023 (up from $ 7,050 for self-coverage only and $ 14,100 for family coverage for 2022).

You can download our convenient chart here: HSA HDHP Limits Increase for 2023

Employers sponsoring HDHPs should review the plan’s cost sharing limits (minimum deductible and maximum cost limit) as they prepare for the plan year beginning in 2023. Employers that allow employees to make HSA contributions before tax should update their plan communications for the increased benefit limits.




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