The IRS released the 2023 inflation-adjusted contribution limits for health savings accounts (HSAs), as well as the deductible and out-of-pocket spending limits for high-deductible health plans (HDHP).
For self-only coverage:
- The annual HSA contribution limit is $3,850, a $200 increase from $3,650 in 2022.
- The annual catch-up contribution for those 55 years and over is $1,000*.
- The annual deductible for an HDHP must be a least $1,500, up $100 from $1,400 in 2022.
- The annual out-of-pocket limit for an HDHP may not exceed $7,500, a $450 increase from $7,050 in 2022.
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