IRS Releases 2023 HSA Index Figures

IRS releases 2023 Health Savings Account (HSA) index figures and the maximum amount that may be made newly available for the plan year in an excepted Health Reimbursement Arrangement (HRA).

The Internal Revenue Service (IRS) recently released the new HSA index figures for 2023 and additional guidance on the tax treatment of dependent care benefits. Review the following table to estimate coverage costs.

2023 HSA Index Figures

Health Reimbursement Arrangements (HRAs)

For plan years beginning in 2023, Revenue Procedure 2022-24 provides the maximum amount that may be made newly available for the plan year in an excepted Health Reimbursement Arrangement (HRA) is $1,950. Plan sponsors should update payroll and plan administration systems for the 2023 cost-of-living adjustments and incorporate the new limits in relevant participant communications. This includes open enrollment and communication materials, plan documents, and summary plan descriptions.

As part of the services provided by Eli Advisors, we will continue to stay informed on this topic and, as additional guidance is available, we will advise accordingly. Contact us if you would like to speak with one of our benefits advisors on how to ensure you are prepared for the coming year,

Eric Thieringer President

Eric Thieringer is president of Eli Advisors, an HR, payroll and employee benefits firm focused on serving small to mid-size organizations. Eli's services and support address the frustrating gaps that challenge employers and their employees. By solving these problems, Eli Advisors creates financially sustainable programs and services that help organizations attract, retain, and engage the talent needed to succeed.

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