2021 ACA Reporting Deadline

2023 Employee Contribution and Benefit Limits

The Internal Revenue Service (IRS) on Tuesday announced the annual inflation adjustments to contribution and benefit limits for more than 60 tax provisions in 2023.

The table below shows the contribution and benefit limits for certain plans in 2022 and 2023.

HEALTH AND WELFARE PLAN LIMITS

FSA

 2022   2023
Health FSA salary reduction $2,850 $3,050
Health FSA carryover $570 $610
Dependent Care FSA – married filing jointly or single parent $5,000 $5,000
Dependent Care FSA – married filing separately $2,500 $2,500
HRA 2022 2023
Excepted Benefit HRA $1,800 $1,950
Qualified Small Employer HRA (QSEHRA) – self only $5,450 $5,850
Qualified Small Employer HRA (QSEHRA) – family $11,050 $11,800
HDHP 2022 2023
HDHP: max. annual out-of-pocket (self only) $7,050 $7,500
HDHP: max. annual out-of-pocket (family) $14,100 $15,000
HDHP: min. annual deductible (self only) $1,400 $1,500
HDHP: min. annual deductible (family) $2,800 $3,000
HSA 2022 2023
HSA: annual contributions (self only) $3,650 $3,850
HSA: annual contributions (family) $7,300 $7,750
HSA: catch-up contributions (age 55+) $1,000 $1,000
Commuter 2022 2023
Qualified Transit and Parking – monthly $280 $300

Complete details on these and other cost-of-living adjustments can be viewed in IRS Revenue Procedure 2022-38.

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