Updated HSA & Excepted Benefit HRA Limits for 2023

The IRS released the 2023 health savings account (HSA) annual contribution limits and high deductible health plan (HDHP) requirements in IRS Rev. Proc. 2022-24. The same document also set forth update contribution limits for excepted benefit Health Reimbursement Accounts for 2023. The updated annual dollar amounts are listed below.

2023 HSA Annual Contribution Limits*

• Self-only (single) HDHP coverage = $3,850
• Other than self-only (family) HDHP coverage = $7,750
  
  *Catch-up contributions — HSA-eligible individuals who have reached age 55 by the end of the taxable year can make an extra annual $1,000 catch-up contribution.

2023 Qualifying HDHP Coverage

• Minimum Deductible – Self-only (single) = $1,500; Other than self-only (family) = $3,000
• OOP Maximum – Self-only (single) = $7,500; Other than self-only (family) = $15,000

2023 Excepted Benefit HRA Contribution Limits

• For plan years beginning in 2023, the maximum amount that may be made newly available for the plan year for an excepted benefit HRA is $1,950.

For more information about Health Savings Account & Excepted Benefit HRA Limits for 2023, contact BCC or your Broker.

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