IRS Announces 2023 HSA/High Deductible Health Plan Limits
The Internal Revenue Service (IRS) has released Revenue Procedure 2022-24 to announce the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for calendar year 2023, as well as the maximum contribution amount that can be made by an employer to an excepted benefit HRA for plan years beginning in 2023.
These limits vary based on whether an individual has self-only or family coverage under an HDHP and include:
- The maximum HSA contribution limits effective January 1, 2023;
- The minimum deductible amount for HDHPs for 2023 (Note: higher minimum deductible amounts may apply for California insurance policies to comply with California state law requirements);
- The maximum out-of-pocket expense limit for HDHPs for 2023; and
- The maximum contribution to an excepted benefit HRA for the 2023 plan year.
The following chart shows the HSA/HDHP and Excepted Benefit HRA limits for 2023 as compared to 2022:
For additional information, please contact your Burnham Benefits Consultant or Burnham Benefits at 949‐833‐2983 or email@example.com.
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