HSA Amounts Increase Considerably for 2023

Blog, Payroll

The IRS announced the updated amounts Friday in Rev. Proc. 2022-24, as it does each year under Sec. 223(g). The revenue procedure also includes the revised maximum amount that may be made newly available for excepted-benefit health reimbursement arrangements (HRAs) under Regs. Sec. 54.9831-1(c)(3)(viii). The increases are in response to our country’s recent spike in inflation, with rates increasing at a 40 year high.

The 2023 maximum contribution that may be made for calendar 2023 by an individual with self-only coverage will be $3,850. For an individual with family coverage, the maximum contribution will be $7,750. The “catch-up” contribution that may be made by individuals who are age 55 or older before the end of the tax year remain unchanged.

HSA 2022 2023
Self-only contribution limit $3,650 $3,850
Family contribution limit $7,300 $7,750


What are the 2023 HDHP amounts/limits? 2023 high-deductible health plan (HDHP) amounts and expense limits also increased. The increases for each are much more than we’ve seen in recent years.  The 2023 HDHP minimum deductible is $1,500 for self-only coverage and $3,000 for family coverage. The maximum out-of-pocket limits for 2023 are $7,500 for self-only and $15,000 for family.

What are the 2023 EBHRA limits? For plan years beginning in 2023, the maximum amount that may be made newly available for an excepted-benefit HRA  is $1,950.

Join our email list.

We’ll deliver accounting insights and advice straight to your inbox.

Copy link
Powered by Social Snap