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2023 Health Savings Account (HSA) and Excepted Benefit HRA Limits

May 02, 2022
The IRS has released the 2023 inflation adjusted amounts for Health Savings Accounts (HSAs). The new amounts are effective for the 2023 calendar year. The agency also released to 2023 limits for Excepted Benefit Health Reimbursement Arrangements (EBHRAs).
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Health Savings Accounts (HSAs)

The IRS has released the 2023 inflation adjusted amounts for Health Savings Accounts (HSAs). The new amounts are effective for the 2023 calendar year.

2023 HSA Annual Contribution Limit

Coverage Level

Amount

Self-Only Coverage

$3,850

Family Coverage

$7,750

Catch-Up Coverage (Age 55 or older)

$1,000

2023 High Deductible Health Plan (HDHP) Requirements

Coverage Level

Minimum Annual Deductible

Maximum Annual Out-of-Pocket Limit

Individual

$1,500

$7,500

Family 

$3,000

$15,000

Excepted Benefit Health Reimbursement Arrangements (EBHRAs)

The maximum amount that may be contributed into an Excepted Benefit Health Reimbursement (EBHRA) in 2023 is $1,950.

Source: IRS Revenue Procedure 2022-24

 

Thank you for choosing Paylocity as your Payroll Tax and HCM partner.
This information is provided as a courtesy, may change and is not intended as legal or tax guidance. Employers with questions or concerns outside the scope of a Payroll Service Provider are encouraged to seek the advice of a qualified CPA, Tax Attorney or Advisor.

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