IRS 2023 Plan Maximums and Limits

The IRS released the 2023 annual limits for HSAs and HDHPs in Revenue Procedure 2022-24 in May 2022. See below for the 2023 numbers along with comparisons to 2022. We will update this page as the IRS releases more 2023 maximums and limits throughout the year.

Cafeteria Plans:

2022 2023
Health FSA Maximum: $2,850
Health FSA Carryover Maximum: $570
Dependent Care Assistance Plans (Dependent Care FSA) annual maximum (unless married filing separately): $5,000
Dependent Care Assistance Plans (Dependent Care FSA) annual maximum (if married filing separately): $2,500
Medical mileage rate to obtain medical care (reimbursable by a Health FSA): $0.18
Compensation amount for determining Highly Compensated Employee: $135,000
Compensation amount for determining Key Employee (officers/owners earning over): $200,000

Health Savings Accounts (HSAs):

2022 2023
Minimum annual HDHP deductible – Single: $1,400 $1,500
Minimum annual HDHP deductible – Family: $2,800 $3,000
Annual HSA Contribution Limit – Single: $3,650 $3,850
Annual HSA Contribution Limit – Family: $7,300 $7,750
Plan Out-of-Pocket Max for HSA Eligibility – Single: $7,050 $7,500
Plan Out-of-Pocket Max for HSA Eligibility – Family: $14,100 $15,000
Annual HSA Contribution Limit – Age 55+ catch-up: $1,000 $1,000

Affordable Care Act (ACA):

2022 2023
Plan Out-of-Pocket Max for ACA Compliance – Individual: $8,700 $9,100
Plan Out-of-Pocket Max for ACA Compliance – Family: $17,400 $18,200
ACA Affordability Percentage: 9.61%

Transportation Fringe Benefits (per month):

2022 2023
Parking: $280
Transit Passes & Vanpooling: $280

For more information or questions regarding how the limits impact your plan, feel free to contact us.