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IRS 2023 HSA Contribution Limits

The IRS announced an increase in HSA contribution limits for the 2023 tax year.

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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:

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
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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.

Is your future fully funded?

Funding your HSA today may help you prepare for expected, and unexpected, health care costs tomorrow.

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Investments are not FDIC insured, are not bank issued or guaranteed by Optum Financial or its subsidiaries, including Optum Bank, and are subject to risk including fluctuations in value and the possible loss of the principal amount invested.