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Posted May 10, 2021

2022 HSA contribution limits

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The IRS has announced 2022 health savings account (HSA) contribution limits as part of the release of Revenue Procedure 2021-25. The limits are:  

2022 HSA contribution limits: 

HSA 2021 2022
Self-only contribution limit $3,600 $3,650
Family contribution limit $7,200 $7,300

The contribution limits for HSAs in 2022 will increase to $3,650 for single and $7,300 for family. 

2022 HDHP amounts/limits

2022 high-deductible health plan (HDHP) amounts and expense limits were also announced.

HDHP (self-only coverage) 2021 2022
Annual deductible not less than:  $1,400 $1,400
Annual out-of-pocket expenses don’t exceed:  $7,000 $7,050

 

HDHP (family coverage) 2021 2022
Annual deductible not less than:  $2,800 $2,800
Annual out-of-pocket expenses don’t exceed:  $14,000 $14,100

The above limits means that an HDHP in 2022 is a health plan “with an annual deductible that is not less than $1,400 for self-only coverage or $2,800 for family coverage, and the annual out-of-pocket expenses do not exceed $7,050 for self-only coverage or $14,100 for family coverage,” according to the IRS notice.

Your employees must be enrolled in an HDHP in order to be eligible to participate in an HSA. HDHPs are often referred to as HSA-eligible health plans. 

Would you like to learn more about how HSAs can transform the retirement-planning experience? Get your free white paper. 

The information in this blog post is for educational purposes only. It is not legal or tax advice. For legal or tax advice, you should consult your own counsel.

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