GDI provides exemplary employee benefit administration and compliance services, including - COBRA, Flexible Spending Accounts, Health Reimbursement Arrangements, Health Savings Accounts, Parking & Transit Accounts, Payment & Billing Solutions, Premium Only Plans and Retiree Solutions (HRA, VEBA, Billing)
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April 29, 2022
2023 Health Savings Account Limits - The IRS recently announced updated Health Savings Account maximums for the 2023 calendar year.
The HSA annual contribution limit for those with individual coverage will increase from $3,650 to $3,850. The family contribution limit will increase from $7,300 to $7,750. The 2023 minimum statutory deductible for an HSA-qualified High Deductible Health Plan will be $1,500/Single and $3,000/Family, the 2023 out-of-pocket limit for these plans will be $7,500/Single and $15,000/Family. The 2023 HSA Catch-up contribution remains steady at $1,000.