We’ve heard it for years: HSA-qualified high deductible health plans help reduce unnecessary utilization. Ever since their inception back in 2004, Health Savings Accounts (HSAs) have been characterized as the ultimate consumer-driven product. People spend their own money differently than they spend somebody else’s money, proponents say, and having some “skin in the game” encourages people to act with discretion when spending their health care dollars. Ultimately, being responsible for the cost of up-front expenses like doctor visits and prescriptions, instead of having those costs covered by a flat-dollar copayment, creates better health care consumers by encouraging them to “shop around” for health care services and only engage the health care system when truly necessary.

The Internal Revenue Service has announced the 2023 deductible, out-of-pocket, and contribution limits for Health Savings Accounts (HSA). Here they are:

The Internal Revenue Service has announced the 2022 deductible, out-of-pocket, and contribution limits for Health Savings Accounts (HSA). Here they are:

In an April 30 fact sheet, the Centers for Medicare and Medicaid Services announced that the cost-sharing limit for individual and group health plans in 2022 will be $400 lower than initially projected.

The Internal Revenue Service has announced the 2021 deductible, out-of-pocket, and contribution limits for Health Savings Accounts (HSA). Here they are:

As a result of the COVID-19 health crisis, lawmakers and federal regulators have made three recent changes to Health Savings Accounts, and one of those changes appears to be permanent.

On June 24, 2019, President Trump signed an executive order that would, among other things, make it easier for consumers to choose an HSA-compatible High Deductible Health Plan, expand the definition of preventive care under this type of plan, and expand the list of HSA-eligible expenses.

The Internal Revenue Service has announced the 2020 deductible, out-of-pocket, and contribution limits for Health Savings Accounts (HSA). Here they are: