The IRS has released the new increased limits for Health Savings Accounts and High Deductible Health Plans. We have provided a snapshot of the changes that go into effect on January 1, 2023 below.
CURRENT 2022 | NEW 2023 | |
HSA Contribution Limit (employer & employee) | Individual – $3,650 Family – $7,300 | Individual – $3,850 Family – $7,750 |
Minimum Annual HDHP Deductible | Individual – $1,400 Family – $2,800 | Individual – $1,500 Family – $3,000 |
Maximum OOP for HDHP (including deductibles, copayments, & other amounts except premiums) | Individual – $7,050 Family – $14,100 | Individual – $7,500 Family – $15,000 |
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