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IRS 2023 HSA Limits

2023 HSA Maximum Contribution

For calendar year 2023, the maximum HSA contribution is $3,850.00 for a person enrolled as single and $7,750.00 for a person enrolled as family.

Self-only contribution limit is changing from $3,650 in 2022 to $3,850 in 2023
Family contribution limit is changing from $7,300 in 2022 to $7,750 in 2023

**Catch-up contributions of $1,000 can be made during the year by HSA-eligible participants who will turn 55 by year-end.

What is a High Deductible Health Plan (HDHP)?

For calendar year 2023, a “high deductible health plan” is defined as a health plan with an annual deductible that is not less than $1,500 for self-only coverage or $3,000 for family coverage.

The maximum annual out-of-pocket expenses for 2023 plans (deductibles, co-payments, and co-insurance, but not premiums) do not exceed $7,500.00 for self-only coverage or $15,000.00 for family coverage.

 

HDHP (self-only coverage) 2022 2023
Annual deductible not less than: $1,400 $1,500
Annual out-of-pocket expenses don’t exceed: $7,050 $7,500

 

HDHP (family coverage) 2022 2023
Annual deductible not less than: $2,800 $3,000
Annual out-of-pocket expenses don’t exceed: $14,100 $15,000

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Unionville, CT 06085

Phone: 877-732-8125
Fax: 860-673-2207

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