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IRS Guidelines, Contribution Limits And Eligible Expenses

 

The IRS sets limits each year for maximum contributions to each type of account-based benefit. Use this information as a reference, but please visit IRS.gov for the latest updates.

Health Savings Account (HSA) – IRS Limits

2022

  2017 IRS HSA Limits 2018 IRS HSA Limits
Maximum Contribution Limit $3,650 $7,300
Minimum Deductible $1,400 $2,800
Maximum
Out-of-Pocket
$7,050 $14,100
Catch-up Contribution (55+) $1,000 $1,000

2023

 
Maximum Contribution Limit $3,850 $7,750
Minimum Deductible $1,500 $3,000
Maximum
Out-of-Pocket
$7,500 $15,000
Catch-up Contribution (55+) $1,000 $1,000

Flexible Spending Account (HC-FSA and LP-FSA) - IRS Limits

2022

Maximum Contribution $2,850
Maximum Carryover Amount $570

2023

Maximum Contribution $3,050
Maximum Carryover Amount $610

Dependent Care Flexible Spending Account (DC-FSA) - IRS Limits

2022

Maximum Contribution $2,500
If Filing Taxes Jointly,
Maximum Contribution
$5,000

2023

Maximum Contribution $2,500
If Filing Taxes Jointly,
Maximum Contribution
$5,000

Commuter Benefits - Parking and Transit - IRS Limits

2022

Maximum Contribution
(Per Month / Per Each Benefit)
$280

2023

Maximum Contribution
(Per Month / Per Each Benefit)
$300
 

IRS-Qualified Medical Expenses

You can pay for a wide range of IRS-qualified medical expenses with your HSA, including many that aren't typically covered by health insurance plans. This includes deductibles, co-insurance, prescriptions, dental and vision care, and more. For a complete list of IRS-qualified medical expenses visit irs.gov or view a list of qualifying examples.

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