The IRS has announced changes for health savings accounts (HSAs) for 2022. As you likely know, HSAs are associated with high-deductible health plans.
The HSA contribution limits for 2022 are:
- $3,650 for individuals (a $50 increase from 2021)
- $7,300 for families (a $100 increase from 2021)
According to the Society for Human Resource Management, this decision is based on the Consumer Price Index for All Urban Consumers for the 12-month period ending on March 31.
Maximum out-of-pocket amounts have also been adjusted to the following:
- $7,050 for individuals (a $50 increase from 2021)
- $14,100 for families (a $100 increase from 2021)
However, the catch-up contribution amount for those 55 and older has not been adjusted and will remain the same at $1,000.
Likewise, minimum deductibles have not been changed and will continue to be set at:
- $1,400 for individuals
- $2,800 for families
More information about these changes can be found in IRS Rev. Proc. 2021-25.