BRI: 2023 HSA and FSA Contribution Limits

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Cigna + Oscar Withdraws from
The Small Group Market

New Cigna + Oscar (C+O) small group sales and renewals will not be offered in 2025. At C+O’s request, all plans and rates have been removed from the quote engine. However, you can still quote or renew your C+O groups through December 15, 2024 by contacting us at quotes@claremontcompanies.com or 800.696.4543. Please note: the last day of coverage will be December 14, 2025.

For assistance, please contact our Quotes team at quotes@claremontcompanies.com or 800.696.4543.

Nov 1, 2022, 2 Minute Read

The IRS has announced the annual plan contribution limits for Flexible Spending Accounts (FSA), Health Savings Accounts (HSA), commuter benefit plans, and adoption assistance programs. For a summary of the 2023 inflation-adjusted amounts and plan limits, check out BRI’s overview by plan type and access the IRS official announcements.

Medical FSA Contribution and Rollover Limits*

2023 Annual Contribution Limit
$3,050 (increased from $2,850 in 2022).
2023 Annual Rollover Limit
$610 (increased from $570 in 2022).

*Includes limited purpose FSAs that are restricted to dental and vision care services, which can be used in tandem with HSAs.

HSA Limits and HDHP Requirements

2023 HSA Contribution Limit
Individual/Self Coverage – $3,850 (increased from $3,650 in 2022).
Family Coverage – $7,750 (increased from $7,300 in 2022).
2023 HDHP Minimum Deductible
Individual/Self Coverage – $1,500 (increased from $1,400 in 2022).
Family Coverage – $3000 (increased from $2,800 in 2022).
2023 HDHP Maximum Out-of-Pocket
Individual/Self Coverage – $7,500 (increased from $7,050 in 2022).
Family Coverage – $15,000 (increased from $14,100 in 2022).

Adoption Assistance

2023 maximum credit allowed $15,950 (increased from $14,890 in 2022).

Mass Transit and Parking Monthly Election Limit

2023 monthly limit $300 (increased from $280 in 2022).
Includes transit passes, van pool services, and parking on or near the business worksite or a location from which employees commute to work by driving and then using mass transit.

To learn more visit Benefit Resource (BRI) and SHRM.

Contact us for help when you’re ready to enroll a group in a BRI Specialty Account.

Questions?
Contact The Answer Team at 800.696.4543 or info@claremontcompanies.com.

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Cigna + Oscar Withdraws from The Small Group Market

BRI: 2023 HSA and FSA Contribution Limits