Health Welfare Plan Limits for 2023

Due to the recent surge in inflation, the Internal Revenue Service (IRS) has announced (via Rev. Proc. 2022-24), inflation-adjusted limits to health savings account (HSA) contributions and high deductible health plans effective for 2023. Adjustments will also be made to the maximum amount that may be made available for excepted-benefit health reimbursement arrangements (HRA’s). These increases are higher than past years.

2023 Health Savings Account (HSA) Contribution Limits

Individual with Self-Only Coverage $3,850 (up from $3,650 in 2022)
Individual with Family Coverage $7,750 (up from $7,300 in 2022)

Those 55 or older will still have the ability to make an additional $1000 “catch up” contribution to their HSA before the end of the tax year. This contribution amount did not change for 2023.

2023 High Deductible Health Plan Limits
Minimum Annual Deductible

Self-Only Coverage $1,500 (up from $1,400 in 2022)
Family Coverage $3,000 (up from $2,800 in 2022)

Limits on Annual Out-Of-Pocket Expenses
(includes deductibles, co-payments and other amounts that are exclusive of premiums)

Self-Only Coverage Not more than $7,500 (up from $7,050 in 2022)
Family Coverage Not more than $15,000 (up from $14,100 in 2022)

Excepted Benefit Heath Reimbursement Account Maximum

$1,950 (up from $1,800 in 2022)


Payroll and plan administration systems should be updated by all plan sponsors for 2023, including cost-of-living adjustments as well as the new limits provided above. They should be shared in all relevant communications shared with participants (open enrollment, collateral, plan documents and summary plan descriptions).

About HRWS

HR Workplace Services, Inc. (HRWS) partners with the nation’s top insurance brokers and agencies providing their clients with best-in-class services for support and HR concerns, compliance and technology. HRWS operates in all 50 States and in over 25 different countries, serving organizations from three to 200,000 employees in 545 SIC Codes.

If you have questions about HRWS, call or email us directly or ask your insurance broker about us.

P: 866-691-7757

The information contained in this article is intended for educational purposes and to provide a general understanding of regulatory events, legislative changes and the law – not to provide specific legal advice. Employers are advised to discuss and/or receive counsel from their licensed legal or accounting professional, prior to implementing any new policy or policy change.