Template: Update 2022 HSA Contributions HR Email

Each year, the IRS announces new maximum contribution limits for health savings accounts (HSA). Use this HR communication template to prepare your employees for the new year by updating their HSA contributions accordingly.

What Is a Health Savings Account (HSA)?

A health savings account (HSA) is a personal bank account with significant tax advantages that can be used by an individual to pay for qualified medical expenses, typically on high-deductible health insurance plans.

People with HSAs need to be enrolled in a compatible, high-deductible health plan (HDHP) to properly utilize their benefits. They can then use the money from their HSAs for qualified medical expenses, which can be determined by reviewing the HDHP.

2023 HSA Contribution Limits

The IRS released 2022-2024 cost-of-living adjusted limits for HSAs and HDHPs due to expected inflation in 2023. These new contribution caps include:

	2022	2023
Individual Contribution Limit	$3,650	$3,850
Family Contribution Limit	$7,300	$7,750
Catch-up Contribution Limit (for those over the age of 55)	$1,000	$1,000
Max Individual out-of-pocket	$7,050	$7,500
Max Family out-of-pocket	$14,100	$15,000

Template: HSA Contributions Update Communication

Use the following template to remind employees about the updated HSA caps and how they can make adjustments to their contributions:

Team,

Each year, the IRS announces contribution limits for numerous tax provisions and healthcare savings accounts. Sometimes, the IRS makes adjustments to account for inflation and changes in the cost of living.

For 2023, some contribution limits were slightly increased for health savings accounts (HSA). See the chart below for reference:

	*2022*	*2023*
*Individual Contribution Limit*	$3,650	$3,850
*Family Contribution Limit*	$7,300	$7,750
*Catch-up Contribution Limit (for those over age of 55)*	$1,000	$1,000
*Max Individual Out-of-Pocket*	$7,050	$7,500
*Max Family Out-of-Pocket*	$14,100	$15,000

Employees who want to update their contribution amount can contact [contact information] or make adjustments to your elections using [name of HRIS].

If you have any questions about HSA contributions or other benefits, please contact [contact information].

Thank you,

[name]

Additional Resources

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BerniePortal Blog—a one-stop-shop for HR industry news
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HR Party of One—our popular YouTube series and podcast, covering emerging HR trends and enduring HR topics