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Updated Health Savings Account & Excepted Benefit HRA Limits for 2023

The IRS released the 2023 health savings account (HSA) annual contribution limits and high deductible health plan (HDHP) requirements in IRS Rev. Proc. 2022-24 — opens in a new windowwww.irs.gov/pub/irs-drop/rp-22-24. The same document also set forth update contribution limits for excepted benefit Health Reimbursement Accounts for 2023. The updated annual dollar amounts are listed below.

2023 HSA Annual Contribution Limits*

  • Self-only (single) HDHP coverage = $3,850
  • Other than self-only (family) HDHP coverage = $7,750

*Catch-up contributions — HSA-eligible individuals who have reached age 55 by the end of the taxable year can make an extra annual $1,000 catch-up contribution.

2023 Qualifying HDHP Coverage

  • Minimum Deductible – Self-only (single) = $1,500; Other than self-only (family) = $3,000
  • OOP Maximum – Self-only (single) = $7,500; Other than self-only (family) = $15,000
HDHP MINIMUM DEDUCTIBLE HDHP MAXIMUM OOP HSA CONTRIBUTION LIMIT
2022
Single – $1,400 Single – $7,050 Single – $3,650
Family – $2,800 Family – $14,100 Family – $7,300
2023
Single – $1,500 Single – $7,500 Single – $3,850
Family – $3,000 Family – $15,000 Family – $7,750

For more information on HSA-eligibility, contributions and reimbursements, see our HSA Guide:
opens in a new windowwww.benefitcomply.com/resources/2022/04/01/hsa-guide/

For help calculating 2022 HSA annual contribution limits, see the following spreadsheet:
2022 HSA Contribution Calculator —
opens in a new windowwww.benefitcomply.com/resources/2022/03/30/2021-hsa-contribution-calculator/

2023 Excepted Benefit HRA Contribution Limits

  • For plan years beginning in 2023, the maximum amount that may be made newly available for the plan year for an excepted benefit HRA is $1,950.

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