The IRS announced the HSA limits for 2023. The new single maximum contribution limit is increasing to $3,850 and the family maximum is increasing to $7,750.
The released amounts for 2023 HSA contributions, maximum out of pocket limits, and minimum deductible limits for High Deductible Health Plans (HDHPs) are listed below. Please reach out to your Business Benefit team for any questions.
HSA Contribution Limits 2023: Single – $3,850 Family – $7,750
2022: Single – $3,650 Family – $7,300
Catch-up contributions if age 55 or older is an additional $1,000 dollars, not changing from 2021.
Deductible Minimum 2023 (No Change): Single – $1,500 Family – $3,000
2022: Single – $1,400 Family – $2,800
Maximum Out-of-Pocket 2023: Single – $7,500 Family – $15,000
2022: Single– $7,050 Family – $14,100