The IRS Announces Health Plan Limits for 2023

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].