On Friday, April 29, 2022, the IRS issued their annual inflation-adjusted health savings account (HSA) amounts for 2023, which result in much larger increases than from 2021 to 2022.
IRS Revenue Procedure 2022-24
|Individual with self-only coverage under a high deductible health plan||$3,600||$3,650||$3,850|
|Individual with family coverage under a high deductible health plan||$7,200||$7,300||$7,750|
The IRS defines a “high deductible health plan” as a health plan with an annual deductible of no less than $1,500 for self-only coverage or $3,000 for family coverage, and annual out-of-pocket expenses (including deductibles, co-pays, etc.) that do not exceed $7,500 and $15,000 respectfully.