2023 HSA Contribution Limit
For 2023, the HSA Contribution Limit figures are $3,850 (Self-only), $7,750 (Family), $1,500 (HDHP minimum deductible, self-only) and 4 more figures below.
| Item | Self-only | Family | Age 55 and over |
|---|---|---|---|
| HDHP minimum deductible | $1,500 | $3,000 | - |
| HDHP out-of-pocket maximum | $7,500 | $15,000 | - |
| Catch-up limit | - | - | +$1,000 |
A dash is a figure this site has not published for that row, not an amount of zero.
Effective 2023-01-01Source: Rev. Proc. 2022-24 (IRS)Verified 2026-09-03
Catch-up limit, age 55 and overSource: Publication 969 (2023), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)Verified 2026-09-03
Compared with 2022
| Item | 2022 | 2023 | Change |
|---|---|---|---|
| Self-only | $3,650 | $3,850 | +$200 (+5.5%) |
| Family | $7,300 | $7,750 | +$450 (+6.2%) |
| HDHP minimum deductible, self-only | $1,400 | $1,500 | +$100 (+7.1%) |
| HDHP minimum deductible, family | $2,800 | $3,000 | +$200 (+7.1%) |
| HDHP out-of-pocket maximum, self-only | $7,050 | $7,500 | +$450 (+6.4%) |
| HDHP out-of-pocket maximum, family | $14,100 | $15,000 | +$900 (+6.4%) |
| Catch-up limit, age 55 and over | +$1,000 | +$1,000 | +$0 (+0.0%) |
HDHP minimum deductible
HDHP out-of-pocket maximum
Catch-up limit
+$1,000$15,000
One dot per column of the table, on a scale running from the smallest of these amounts to the largest. The scale is logarithmic - each faint line is ten times the one before it, so that the amounts crowded at the low end stay far enough apart to read. The table states which dot is which.
Who it applies to
Individuals with self-only or family coverage under a high deductible health plan who contribute to a Health Savings Account for calendar year 2023.
What changed this year, and why
The IRS published the 2023 inflation-adjusted amounts for Health Savings Accounts under Revenue Procedure 2022-24.
Common questions
- What are the HDHP requirements for 2023?
- For 2023, a high deductible health plan must have an annual deductible of at least $1,500 for self-only coverage or $3,000 for family coverage. Out-of-pocket expenses (excluding premiums) may not exceed $7,500 for self-only coverage or $15,000 for family coverage.
- What is the out-of-pocket maximum for an HDHP in 2023?
- The annual out-of-pocket maximum is $7,500 for self-only coverage and $15,000 for family coverage for 2023.
Who can contribute, and what counts as an HDHP
To contribute to an HSA, you must be an eligible individual. This means that on the first day of a month you are covered by a high deductible health plan (HDHP), you have no other disqualifying health coverage, you are not enrolled in Medicare, and you cannot be claimed as a dependent on another taxpayer’s return. The HDHP itself must meet certain minimums set for the year: for 2023, a self-only HDHP must have a minimum annual deductible of $1,500 and an out-of-pocket maximum of $7,500, while a family HDHP must have a minimum annual deductible of $3,000 and an out-of-pocket maximum of $15,000. If you lose eligibility during a month (for example, by picking up other coverage), you are not eligible for that month, which reduces your contribution limit for the year.
Qualifying for an HSA Contribution To be an eligible individual and qualify for an HSA contri- bution, you must meet the following requirements. • You are covered under a high deductible health plan (HDHP), described later, on the first day of the month. • You have no other health coverage except what is per- mitted under Other health coverage, later. • You aren’t enrolled in Medicare. • You can’t be claimed as a dependent on someone else’s 2023 tax return.
Publication 969 (2023), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
The age 55 catch-up contribution
Individuals who are age 55 or older at the end of their tax year and who are otherwise eligible to contribute to an HSA may make an additional catch-up contribution of $1,000 beyond the regular annual limit. For 2023, the regular self-only limit is $3,850 and the regular family limit is $7,750; the $1,000 catch-up is added on top of whichever limit applies. This means the total contribution ceiling for someone over 55 is higher than for a younger individual with the same type of HDHP coverage. The catch-up amount is not indexed for inflation and remains $1,000 each year. However, once an individual enrolls in Medicare, the contribution limit drops to zero, so the catch-up contribution is not available for any month after Medicare enrollment begins, regardless of age.
Additional contribution. If you are an eligible individual who is age 55 or older at the end of your tax year, your contribution limit is increased by $1,000.
Publication 969 (2023), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
Excess contributions and the 6% excise tax
For 2023, the IRS sets annual contribution limits for Health Savings Accounts: $3,850 for self-only coverage and $7,750 for family coverage. If you contribute more than these amounts, the excess is not deductible and employer contributions count as gross income. More importantly, you must pay a 6% excise tax on the excess contribution each year it stays in your account. This penalty continues annually until you remove the excess amount or use it to reduce future contribution room. You can avoid the excise tax entirely by withdrawing the excess contributions and any earnings on them before your tax return's due date, including extensions. The withdrawn earnings must be reported as other income on your tax return. If you don't withdraw the excess in time, the 6% tax applies every year the overage remains, making it costly to leave the mistake uncorrected.
Excess contributions. You will have excess contribu- tions if the contributions to your HSA for the year are greater than the limits discussed earlier. Excess contribu- tions aren’t deductible. Excess contributions made by your employer are included in your gross income. If the excess contribution isn’t included in box 1 of Form W-2, you must report the excess as “Other income” on your tax return. Generally, you must pay a 6% excise tax on excess contributions. See Form 5329, Additional Taxes on Quali- fied Plans (Including IRAs) and Other Tax-Favored Ac- counts, to figure the excise tax. The excise tax applies to each tax year the excess contribution remains in the ac- count.
Publication 969 (2023), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
The last-month rule and its testing period
The last-month rule lets you contribute the full annual HSA amount for 2023 - $3,850 for self-only coverage or $7,750 for family coverage - as long as you had qualifying HDHP coverage on December 1, 2023. This means you can make the full year's contribution even if you only had coverage for part of the year. However, this comes with a testing period requirement. You must remain an eligible individual with HDHP coverage from December 1, 2023, through December 31, 2024. If you lose eligibility during this testing period for any reason other than death or disability, you must include in your income the full contribution amount that you wouldn't have been able to make without the last-month rule. This creates a significant tax consequence if you change jobs, switch to a non-HDHP plan, or otherwise become ineligible during the testing window.
Last-month rule. Under the last-month rule, if you are an eligible individual on the first day of the last month of your tax year (December 1 for most taxpayers), you are consid- ered an eligible individual for the entire year. You are trea- ted as having the same HDHP coverage for the entire year as you had on the first day of the last month if you didn’t otherwise have coverage. Testing period. If contributions were made to your HSA based on you being an eligible individual for the en- tire year under the last-month rule, you must remain an eli- gible individual during the testing period. For the last-month rule, the testing period begins with the last month of your tax year and ends on the last day of the 12th month following that month (for example, December 1, 2023, through December 31, 2024).
Publication 969 (2023), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
The 20% tax on non-qualified distributions
Distributions from an HSA that are not used for qualified medical expenses are subject to an additional 20% tax. This tax applies to the portion of the distribution that is not tax-free. You must figure this tax on Form 8889 and file it with your federal income tax return. There are exceptions to this additional tax: no additional tax applies to distributions made after you become disabled, reach age 65, or die. For example, if you take a distribution from your HSA to pay for a vacation instead of medical expenses, that distribution is taxable and subject to the 20% additional tax. The regular contribution limits apply: $3,850 for self-only HDHP coverage and $7,750 for family HDHP coverage in 2023.
Additional tax. There is an additional 20% tax on the part of your distributions not used for qualified medical ex- penses.
Publication 969 (2023), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
You, your employer, and anyone else can all contribute to the same account
The IRS allows multiple people to fund the same health savings account in a single year. You can contribute directly, your employer can contribute on your behalf, or both of you can contribute to the same account. If you are self-employed or unemployed, you make the contributions yourself. Family members or any other person can also give money to your HSA, as long as you are an eligible individual. Every contribution must be made in cash; contributions of stock or other property are not permitted. Regardless of who puts money in, the total of all contributions to your account for the year cannot exceed the annual limit. For 2023, that limit is $3,850 for self-only HDHP coverage or $7,750 for family HDHP coverage. Every contribution made to your account is reported on your tax return, whether it came from you, your employer, a family member, or anyone else.
Any eligible individual can contribute to an HSA. For an employee’s HSA, the employee, the employee’s employer, or both may contribute to the employee’s HSA in the same year. For an HSA established by a self-employed (or un- employed) individual, the individual can contribute. Family members or any other person may also make contribu- tions on behalf of an eligible individual.
Publication 969 (2023), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
The form that reports every contribution and claims the deduction
Every contribution to your health savings account must be reported to the IRS, regardless of who made it. You report all contributions on Form 8889 and file it with your federal income tax return (Form 1040, 1040-SR, or 1040-NR). The form captures contributions you made yourself, contributions your employer made on your behalf, and any qualified HSA funding distributions from an IRA. You should include all contributions made for 2023, even those you made between January 1, 2024, and the tax filing deadline in April 2024, as long as you designate them for 2023. The trustee of your HSA will send you Form 5498-SA showing the total amount contributed during the year, and your employer's contributions will also appear on your Form W-2. Keep these documents so your Form 8889 matches the records the IRS receives.
Form 8889. Report all contributions to your HSA on Form 8889 and file it with your Form 1040, 1040-SR, or 1040-NR. You should include all contributions made for 2023, including those made from January 1, 2024, through April 15, 2024, that are designated for 2023. Con- tributions made by your employer and qualified HSA fund- ing distributions are also shown on the form.
Publication 969 (2023), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
Money left in the account at year end is not lost
An HSA does not have a use-it-or-lose-it rule at the end of the year. The contributions remain in your account until you use them. Unlike a health flexible spending arrangement, where you may lose unused funds, money in your HSA carries over from year to year indefinitely. The account is portable, meaning it stays with you even if you change employers or leave the workforce. The balance continues to grow tax-free, and any interest or earnings on the assets in the account are not taxed. You can use the accumulated funds in future years to pay for qualified medical expenses, including expenses incurred after you retire. There is no deadline by which you must spend the money, and the account remains yours for life.
The contributions remain in your account until you use them.
Publication 969 (2023), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
Enrolling in Medicare shuts off your contribution limit
If you enroll in Medicare, you can no longer contribute to a health savings account. Beginning with the first month you are enrolled in Medicare, your contribution limit is zero. This rule also applies if your Medicare enrollment is retroactive. For example, if you delayed applying for Medicare and later your enrollment is backdated to an earlier date, any HSA contributions made during that retroactive coverage period are considered excess contributions. Even if you are otherwise an eligible individual with a qualifying high deductible health plan, Medicare enrollment ends your ability to put money into an HSA. You can still keep the account and use the existing balance for qualified medical expenses, but you cannot add to it. This is an important rule to watch as you approach age 65, since Medicare enrollment can begin before or after you turn 65 depending on your circumstances.
Beginning with the first month you are enrolled in Medicare, your contribution limit is zero.
Publication 969 (2023), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
How each figure was verified
Each number below was read from a stored copy of the document named beside it, and checked to occur word for word in the quoted sentence. The digest is of that stored text.
Rev. Proc. 2022-24 (IRS)
- Self-only
the annual limitation on deductions under § 223(b)(2)(A) for an individual with self-only coverage under a high deductible health plan is $3,850.
- Family
the annual limitation on deductions under § 223(b)(2)(B) for an individual with family coverage under a high deductible health plan is $7,750.
- HDHP minimum deductible, self-only
is defined under § 223(c)(2)(A) as a health plan with an annual deductible that is not less than $1,500 for self-only coverage or $3,000 for family coverage
- HDHP minimum deductible, family
is defined under § 223(c)(2)(A) as a health plan with an annual deductible that is not less than $1,500 for self-only coverage or $3,000 for family coverage
- HDHP out-of-pocket maximum, self-only
the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $7,500 for self-only coverage or $15,000 for family coverage.
- HDHP out-of-pocket maximum, family
the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $7,500 for self-only coverage or $15,000 for family coverage.
Publication 969 (2023), Health Savings Accounts and Other Tax-Favored Health Plans (IRS)
- Catch-up limit, age 55 and over
Additional contribution. If you are an eligible individual who is age 55 or older at the end of your tax year, your contribution limit is increased by $1,000.