IRS Announces 2023 HSA Limits

contribution limits

The Internal Revenue Service (IRS) published the 2023 annual contribution limits for Health Savings Accounts (HSAs) on April 29. They also announced high deductible health plan (HDHP) minimum deductibles and out-of-pocket maximums for next year.

2023 HSA Contribution Limits

For 2023, HSA owners will see a significant increase in the amount they can contribute to their accounts.

The annual limit for those with self-only coverage will be $3,850, an increase of $200 over 2022. For those with family coverage, the 2023 annual limit will be $7,750, an increase of $450.

2023 Minimum Deductibles

To be HSA-qualified in 2023, an HDHP must have a minimum annual deductible of $1,500 for self-only coverage and $3,000 for family coverage.

2023 Out-of-Pocket Limits

Annual out-of-pocket limits are increasing next year. In 2023, the limits are capped at $7,500 for self-only plans and $15,000 for family plans.

2023 HSA Contribution Limits, HDHP Minimum Deductibles, Out-of-Pocket Limits

Annual Contribution
HDHP Minimum DeductiblesOut-of-Pocket Limits
Self Only Coverage
$3,850 (+ $200)$1,500
$7,500 (+ $450)
Family Coverage$7,750 (+ $450)$3,000 
$15,000 (+ $900)
Self Only Coverage
Family Coverage$7,300$2,800$14,100

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