IRS Releases 2023 HSA Contribution Limits and HDHP Deductible and Out-of-Pocket Limits

May 2nd, 2022 by Thomas Harte

With the delivery of the IRS Revenue Ruling 2022-24, contributions toward health savings accounts (HSAs) for CY 2022 will increase for plan participants.

• Maximum HSA Contributions:
  • Single:  $3,850 (up from $3,650 in 2022)
  • Family:  $7,750 (up from $7,300)
• Minimum Deductible to qualify an HDHP as eligible for HSA Contributions (no changes from 2018):
  • Single:  $1,500 (up from $1,400)
  • Family:  $3,000 (up from $2,800)
• Maximum Out of Pocket Expense:
  • Single:  $7,500 (up from $7,050)
  • Family:  $15,000 (up from $14,100)
• Catch up Contributions:  $1,000 for those over the age of 55

For any questions regarding Health Savings Accounts, please contact one of the experts at Landmark Benefits.