IRS-adjusted contribution limits for 2023 Health Savings Accounts (HSA) represent approximately a 5.5% increase over 2022 limits. Changes are effective January 1, 2023. HSAs are tax-exempt accounts that help people save money for eligible medical expenses. To qualify for an HSA, the policyholder must be enrolled in an HSA-qualified, high deductible health plan (HDHP), must not be covered by other non-HDHP health insurance or Medicare, and cannot be claimed on a tax return.
|Self-only contribution (employee + employer)||$3,650||$3,850|
|Family contribution (employee + employer)||$7,300||$7,750|
|HSA catch-up contribution (55 and over)||$1,000||$1,000|
|Self-only HDHP minimum deductible||$1,400||$1,500|
|Family HDHP minimum deductible||$2,800||$3,000|
|Self-only HDHP out-of-pocket maximum||$7,050||$7,500|
|Family HDHP out-of-pocket maximum||$14,100||$15,000|
For additional information, contact your Bukaty benefits consultant at 913.345.0440.