On May 16th, the IRS released Rev. Proc. 2023-23, which outlines the 2024 inflation-adjusted amounts for Health Savings Accounts and compatible High Deductible Health Plans. Adjusted amounts include HDHP calendar year minimum deductibles, out-of-pocket maximums and the annual HSA contribution limits as follows: 2024 2023 Change HDHP Minimum Deductible Individual $1,600 $1,500 +$100 Family $3,200 [...]
On Friday, April 29, the IRS released Rev. Proc. 2022-24, which outlines the 2023 inflation-adjusted amounts for Health Savings Accounts and compatible High Deductible Health Plans. Adjusted amounts include HDHP calendar year minimum deductibles, out-of-pocket maximums, and the annual HSA contribution limits as follows: 2023 2022 Change HDHP Minimum Deductible Individual $1,500 $1,400 +$100 Family [...]
The Internal Revenue Service released its 2022 Health Savings Account Inflation Adjustment Limits. A comparison of the 2022 and 2021 limits are listed below. The ACA maximum out-of-pocket limits have also been adjusted. The ACA uses a different adjustment calculation than the IRS when setting H.S.A. limits year over year. 2022 2021 Change HDHP Minimum [...]
