May 3, 2022

IRS Announces 2023 Contribution Limits for HSAs

Dawson McPherson

Senior Content Marketing Specialist

This week, the IRS released IRS Rev. Proc. 2022-24, which includes the 2023 limits for health savings accounts (HSA) and high-deductible health plans (HDHP).

Below is a comparison of the 2022 and 2023 limits for HSAs and HDHPs.

The catch-up contribution limit for HSAs remains at $1,000 for the 2023 plan year.

Interested in learning more about Ameriflex’s HSA administration options? Get in touch with our team for more information.

What’s in this article?

Other Recent Posts

What does the Consolidated Appropriations Act (CAA) mean for employers?

October 18, 2023

The Consolidated Appropriations Act (CAA) was passed in 2021, and although it brought significant changes that will continue to impact employers offering group health insurance and their employees, many organizations still haven’t made changes to meet the mandates. What are the key requirements of CAA legislation that employers need to act on? Gag Clause One...

Illinois Passes Legislation Requiring Pre-Tax Commuter Benefits

August 31, 2023

What is the Transportation Benefits Program Act? The State of Illinois recently passed the “Transportation Benefits Program Act” that will go into effect January 1, 2024, and require employers with 50 or more employees located in specific areas to offer a pre-tax commuter benefit to “covered employees.” Employees who take advantage of the benefit can...

SPD WRAP Ultimate Guide

July 10, 2023

What you need to know about SPD WRAP A Summary Plan Description (SPD) is an ERISA requirement for most employers offering group benefits. It’s the document that outlines the details and terms of a group’s health plan in understandable language for all eligible plan participants. ERISA guidelines dictate what information is to be included, to...

Stay Updated

Join us to stay on top of the latest healthcare news, legislation and product features from Ameriflex