2023 HSA contribution limits
Each year, the Internal Revenue Service (IRS) sets contribution limits for health savings accounts (HSAs). The 2023 HSA contribution limits are as follows:
| Individual | Families | |
|---|---|---|
| Maximum HSA contribution level | $3,850 | $7,750 |
| Minimum deductible for qualifying high deductible health plan (HDHP) | $1,500 | $3,000 |
| Maximum out-of-pocket expenses for HDHP | $7,500 | $15,000 |
The IRS guidance also includes the 2023 limit for excepted benefit health reimbursement arrangements (EBHRAs). The new 2023 limit for EBHRAs is $1,950. This is up $150 over the 2022 limits.
The 2023 limits have increased significantly over the 2022 limits:
- HSA contributions increased by $200 / $450 for individuals / families.
- The minimum deductible for qualifying health plans increased by $100 / 200 for individuals / families.
- Out-of-pocket maximums increased by $450 / $900 for individuals / families.
Please note, individuals who have an HSA and are over age 55 can also contribute an extra $1,000 annually, in what is commonly called a “catch-up” contribution.