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The Internal Revenue Service announced in late April Health Savings Accounts (HSA) limit for 2023.

Now, with taxpayers in the midst of open enrollment, the high-deductible health plans (HDHPs) will make an impact for tax planning purposes.

The annual inflation-adjusted limit on HSA contributions for self-only coverage will be $3,850, up from $3,650 in 2022. The HSA contribution limit for family coverage will be $7,750, up from $7,300.

These changes represent about a 5.5 percent increase over 2022 contribution limits.

The tax implications of the new limits relate to any amount that an employee defers to their HSA, is a reduction in taxable wages or income.  Therefore, they are getting the advantage of paying for qualified medical expenses using pre-tax dollars.

Please refer to the chart below for contribution and out-of-pocket limits for HSAs and HDHPs.


Contribution and Out-of-Pocket Limits for HSAs and HDHPs


2022 2023 Change

HSA Contribution Limit

(employer+ employee)

Self: $3,650

Family: $7,300

Self: $3,850

Family: $7,750

Self: +$200

Family +$450

HSA Catch-Up Contributions

(age 55 or older)

$1,000 $1,000 No Change
HDHP Minimum Deductibles

Self: $1,400

Family: $2,800

Self: $1,500

Family: $3,000

Self: +$100

Family +$200

HDHP Maximum Out-of-Pocket Amounts (deductibles, co-pays and other amounts, but not premiums)

Self: $7,050

Family: $14,100

Self: $7,500

Family: $15,000

Self: +$450

Family +$900

Source: IRS Revenue Procedure 2022-24