HSA & High-Deductible Health Plan Limits Will Spike, Says IRS

(from Society for Human Resources Management) Health savings account (HSA) contribution limits for 2023 are going up significantly in response to the recent inflation surge, the IRS announced April 29, giving employers that sponsor high-deductible health plans (HDHPs) plenty of time to prepare for open enrollment season later this year. 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. The adjustments represent approximately a 5.5% increase over 2022 contribution limits, whereas these limits rose by about 1.4% between 2021 and 2022.

See SHRM for more on contribution and out-of-pocket limits for HSAs and High-Deductible Health Plans