The Internal Revenue Service (IRS) has announced the inflation-adjusted 2023 minimum deductibles, out-of-pocket maximums and contribution limits for health savings accounts (HSAs) and qualified high-deductible health plans (HDHPs).
The Internal Revenue Service (IRS) has announced the inflation-adjusted 2023 minimum deductibles, out-of-pocket maximums, and contribution limits for heath savings accounts (HSAs) and qualified high-deductible health plans (HDHPs). Self-only coverage refers to plans for one individual, while family coverage refers to plans for two or more individuals. The out-of-pocket maximum includes copayments, deductibles, and coinsurance amounts, and excludes premiums.
These IRS changes are effective on customers’ renewal dates beginning Jan. 1, 2022, or later:
Minimum deductible
Out-of-pocket maximum
HSA contribution limits
Be aware of the intersection of HSA and Affordable Care Act (ACA) rules. The 2023 ACA maximum is $9,100 for individual coverage.
Examples of compliant HSA/ACA plans:
2023 maximum out-of-pocket limits for group plans
Recent guidance modified the earlier annual out-of-pocket limits for 2023, which is now: