Every year the Internal Revenue Service (IRS) decides if there will be an increase in Health Savings Account (HSA) contribution limits, minimum deductibles, and maximum out-of-pocket amounts.
The IRS has released the 2023 inflation-adjusted HSA contribution limits. If you are on an HSA qualified plan or considering enrolling in one, this applies to you.
|2023 Contribution and Out-of-Pocket Limits
for Health Savings Accounts and High-Deductible Health Plans
|HSA contribution limit (employer + employee)||Self-only: $3,650
|HSA catch-up contributions (age 55 or older)||$1,000||$1,000||
|HDHP minimum deductibles||Self-only: $1,400
|HDHP maximum out-of-pocket amounts (deductibles, copayments and other amounts, but not premiums)||Self-only: $7,050