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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