Today the IRS released 2023 indexing for health savings accounts (HSAs) and excepted benefit health reimbursement arrangements (EBHRAs). The HSA limits address both the cost-sharing requirements of the underlying high deductible health plan (HDHP) and how much can be contributed to someone’s HSA for that calendar year.
|HDHP Minimum Deductible||Single coverage
(note a per-person deductible would have to meet the minimum family deductible requirement)
|HDHP Maximum Total Out-of-Pocket (OOP)||Single coverage
(note the per-person limit for non-grandfathered health plans)
|HSA Annual Contribution Limit||Single coverage
(plus $1,000 per HSA account holder age 55+ on Dec 31)
|EBHRA Limit||Employer may provide up to this limit per employee for an EBHRA||$1,800||$1,950|
IMA will continue to monitor regulator guidance and offer meaningful, practical, timely information.
This material should not be considered as a substitute for legal, tax and/or actuarial advice. Contact the appropriate professional counsel for such matters. These materials are not exhaustive and are subject to possible changes in applicable laws, rules, and regulations and their interpretations.