The IRS recently issued Rev. Proc. 2022-24 in which it announced cost-of-living adjustments for Health Savings Accounts (HSAs), High-Deductible Health Plans (HDHPs) and excepted benefit Health Reimbursement Arrangements (HRAs).
These changes will become effective in calendar year 2023 for HSAs and HDHPs and for plan years beginning in 2023 for HRAs. With the exception of catch-up contributions to HSAs for individuals age 55 or older, all dollar limitations will increase from 2022 to 2023. (See the chart below.)
2022 2023
HDHP – Maximum Annual Out-of-Pocket Limit
Self-Only Coverage $7,050 $7,500
Family Coverage $14,100 $15,000
HDHP – Minimum Annual Deductible
Self-Only Coverage $1,400 $1,500
Family Coverage $2,800 $3,000
HAS – Annual Contribution Limit
Self-Only Coverage $3,650 $3,850
Family Coverage $7,300 $7,750
Catch-Up Contribution $1,000 $1,000
HRA – Excepted Benefit
Annual Contribution $1,800 $1,950
For more information about HSAs or health insurance in general, please contact RMC at 239-298-8210 or [email protected].
