For 2023, the maximum combined total that you, your employer, and/or any other eligible person can contribute to your HSA account is:
- $3,850 if you're under 55 at the end of 2023 and are covered by an individual (self-only) HDHP;
- $7,750 if you're under 55 at the end of 2023 and are covered by a family HDHP;
- $4,850 if you're 55 or older at the end of 2023 and are covered by an individual (self-only) HDHP;
- $8,750 if you're 55 or older at the end of 2023 and are covered by a family HDHP.
If you overfunded or weren't eligible to contribute to your HSA in 2023, you'll need to withdraw the excess amount by April 15, 2024 to avoid a penalty (October 15 if you filed an extension).
Some things to keep in mind:
- The above limits are prorated depending on the number of months you were covered by an HDHP and had no additional health coverage.
- If you were only covered by an HDHP for part of the year, your contribution limit may be lower than above limits.
- If you're covered by an HDHP on the first day of the month, you're considered covered for the entire month.
- If you had HDHP coverage on December 1 (the last month of the year), then you can use the full annual HSA contribution limit for your HDHP coverage, regardless of the number of months you had coverage.
- Spouses on separate plans: The $7,750 family limit applies to married couples even if one spouse is covered by a family plan and the other spouse has their own individual plan. In this scenario, the couple may split their contributions any way they like, as long as the couple's total contribution doesn't exceed $7,750. Spouses 55 or older at the end of 2023 are allowed to contribute an additional $1,000 to their own HSA.
We recommend revisiting the HSA entry screens to make sure the excess contribution wasn't due to an entry error. Here's how:
