Bill > HR5737

This bill, the Elevating HSA Limits Act of 2023, aims to amend the Internal Revenue Code to increase the maximum contribution limit for health savings accounts (HSAs). Specifically, it proposes to tie the maximum contribution limit to the amount of the deductible and out-of-pocket limitation, rather than having a fixed dollar amount. This change would allow individuals with self-only coverage to contribute up to the amount of the deductible and out-of-pocket limitation, and those with family coverage to contribute up to the family deductible and out-of-pocket limitation. The bill also includes conforming amendments to update the cost-of-living adjustments for these limits. The amendments would apply to taxable years beginning after December 31, 2023.