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IRS announces 2023 HSA, HDHP and EB-HRA dollar limits

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By Cindy Brockhausen and Maureen Gammon | May 10, 2022

For employers sponsoring HSAs and HDHPs, the new limits will affect benefit plan administration and communication materials for 2023.

In Revenue Procedure 2022-24, the IRS released the calendar year 2023 inflation-adjusted dollar amounts for health savings accounts (HSAs) and high-deductible health plans (HDHPs), along with the maximum annual amount that may be made newly available for excepted benefit health reimbursement arrangements (EB-HRAs) for plan years beginning in 2023. The 2023 limits have increased significantly over the 2022 limits due to the surge in inflation.

Employers should consider these amounts when planning for the 2023 plan year, as the changes will likely affect benefit plan administration and communication materials.

2023 vs. 2022 HSA dollar limits

Calendar-year 2023 inflation-adjusted dollar amounts for HSAs and HDHPs
2022 2023 Change
Self-only coverage
–Maximum annual HSA contribution $3,650 $3,850 +$200
–Minimum annual deductible for HDHPs $1,400 $1,500 +$100
–Maximum annual out-of-pocket expense limit for HDHPs $7,050 $7,500 +$450
Family coverage
–Maximum annual HSA contribution $7,300 $7,750 +$450
–Minimum annual deductible for HDHP $2,800 $3,000 +$200
–Maximum annual out-of-pocket expense limit for HDHP $14,100 $15,000 +$900

The 2023 HSA catch-up contribution amount for participants attaining age 55 by December 31, 2023, remains $1,000. This amount is fixed by statute and is the same catch-up contribution amount that applied in 2022.

EB-HRA dollar limit

The maximum amount that employers may contribute for EB-HRAs for plans years beginning in 2023 is $1,950, up from $1,800 in 2022.

Authors


Senior Regulatory Advisor, Health and Benefits

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