2023 health savings account and high-deductible health plan limits announced

The Internal Revenue Service (IRS) has announced the inflation-adjusted 2023 minimum deductibles, out-of-pocket maximums, and contribution limits for heath savings accounts (HSAs) and qualified high-deductible health plans (HDHPs). Self-only coverage refers to plans for one individual, while family coverage refers to plans for two or more individuals. The out-of-pocket maximum includes copayments, deductibles, and coinsurance amounts, and excludes premiums.

These IRS changes are effective on customers’ renewal dates beginning Jan. 1, 2022, or later:  

  • Minimum deductible
  • $1,500 for self-only coverage ($100 increase from 2022)
  • $3,000 for family coverage ($200 increase from 2022)
  • $3,000 for embedded individual deductible ($100 increase from 2022)
  • Out-of-pocket maximum
  • $7,500 for self-only coverage ($450 increase from 2022)
  • $15,000 for family coverage ($900 increase from 2022)
  • HSA contribution limits
  • $3,850 for self-only coverage   
  • $7,750 for family coverage
  • Individuals 55 and over may contribute an extra $1,000 to their HSA

Be aware of the intersection of HSA and Affordable Care Act (ACA) rules. The 2023 ACA maximum is $9,100 for individual coverage.

Examples of compliant HSA/ACA plans:

  • One plan for self-only and family coverage with an embedded out-of-pocket; maximum amounts for 2023 are $7,500 for an individual and $15,000 for a family
  • One plan for self-only and family coverage with a non-embedded out-of-pocket; maximum amounts for 2023 are $7,500 for an individual and $9,100 for a family

2023 maximum out-of-pocket limits for group plans 
Recent guidance modified the earlier annual out-of-pocket limits for 2023, which is now:

  • $9,100 for self-only coverage ($8,700 in 2022)
  • $18,200 for family coverage ($17,400 in 2022)

The annual out-of-pocket maximum for group plans does not apply to transitional relief plans or retiree plans. 

For questions, please contact your broker or UnitedHealthcare representative.

More updates for your business

New releases, updates and notifications for a broad spectrum of UnitedHealthcare products and services.

Important, required notices for products, plans, forms and more.

Need-to-know operational announcements for you and your employees.