May 03, 2022
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. 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.
BENEFIT | 2022 LIMITS | 2023 LIMITS |
---|---|---|
Health Savings Accounts (HSAs) | ||
Maximum Contributions | ||
Self-Only HDHP Coverage | $3,650 | $3,850 |
Family HDHP Coverage | $7,300 | $7,750 |
Catch-Up Contribution (Individuals age 55 or older) |
$1,000 | $1,000 |
Minimum Deductibles for Qualified High Deductible Health Plans (QHDHPs)+ | ||
Self-Only HDHP Coverage | $1,400 | $1,500 |
Family HDHP Coverage | $2,800 | $3,000 |
Out-of-Pocket (OOP) Limits for QHDHPs | ||
Self-Only HDHP Coverage | $7,050 | $7,500 |
Family HDHP Coverage | $14,100 | $15,000 |
Excepted Benefit Health Reimbursement Arrangement (HRA) | ||
Maximum Benefit | $1,800 | $1,950 |
Amwins Connect has several partners offering administration services for pre-tax benefits. Contact your Sales team for more information.