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IRS Announces HSA Limits for 2023

BY: Jyme Mariani, Esq. | 05/05/22

The IRS announced the 2023 maximum contribution levels for health savings accounts (HSAs) and out-of-pocket spending limits and deductible minimums for high deductible health plans (HDHPs) that must be used in conjunction with HSAs [Rev. Proc. 2022-24].

Annual Contribution Levels for HSAs

The maximum annual HSA contribution for an eligible individual with self-only coverage is $3,850 ($3,650 in 2022).     

For family coverage, the maximum annual HSA contribution is $7,750 ($7,300 in 2022).

Amounts for Out-of-Pocket Spending on HSA-Compatible HDHPs

The maximum annual out-of-pocket amount for HDHP self-only coverage is $7,500 ($7,050 in 2022), and the maximum annual out-of-pocket amount for HDHP family coverage is twice that at $15,000 ($14,100 in 2022).

Minimum Deductible Amounts for HSA-Compatible HDHPs

The minimum deductible for HDHPs is $1,500 ($1,400 in 2022) for self-only coverage and $3,000 ($2,800 in 2022) for family coverage.

Maximum Amount Available Under an Excepted Benefit HRA

The maximum amount that may be made available for an excepted benefit health reimbursement arrangement (HRA) is $1,950 ($1,800 in 2022).

To learn more about federal and state laws, regulations, and information to keep your company's payroll operations in compliance, check out Payroll Source Plus!


Jyme Mariani, Esq., is Managing Editor of Payroll Currently and Senior Manager of Payroll Information Resources for the APA.