IRS Releases 2023 Limits for HSAs
On April 29, 2022 the Internal Revenue Service released Revenue Procedure 2022-24 which provides the 2023 inflation adjusted amounts for high deductible health plans (HPHPs) and Health Savings Accounts.
The amounts for HSAs for 2023 as compared to 2022 are as follows:
| 2023 Rev. Proc. 2022-24 | 2022 Rev. Proc. 2021-25 | |
| Annual limitation on deductions to an HSA – self-only coverage | $3,850 | $3,650 |
| Annual limitation on deductions to an HSA – family coverage | $7,750 | $7,300 |
| HDHP – self-only coverage annual deductible not less than: | $1,500 | $1,400 |
| HDHP – self-only coverage annual out-of-pocket expenses do not exceed: | $7,500 | $7,050 |
| HDHP – family coverage annual deductible not less than: | $3,000 | $2,800 |
| HDHP – family coverage annual out-of-pocket expenses do not exceed: | $15,000 | $14,100 |