HSA Limits Increase for 2022

From: Benefits

HSA Limits Increase for 2022

 

On May 10, 2021, the IRS announced the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health (HDHPs) for 2022.

The HSA contribution limit for 2022 are $3,650 for self0only HDHP coverage (up from $3,600) for 2021) and $7,300 for family HDHP coverage (up from $7,200 for 2021).

There are no changes to the $1,000 catch-up contribution limit for individuals 55 years of age or older. The minimum deductible amount for HDHPs also stays the same ($1,400 for self-only coverage and $2,800 for family coverage).

However, for 2022, the HDHP maximum out-of-pocket expense limit increases to $7,050 for self-only coverage and $14,100 for family coverage.

Employers with HDHPs should review their cost-sharing limits for the 2022 plan year and communicate the new HSA contribution limits to employees.

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