Payroll / IRS Adjusts HSA Limits for 2022

IRS Adjusts HSA Limits for 2022

As it does each year, the IRS has announced changes for health savings accounts, which are associated with high-deductible health plans.

The figures for 2022:

  • Self-only: $3,650 (a $50 increase from 2021).
  • Family: $7,300 (a $100 increase from 2021).

According to the Society for Human Resource Management, the government bases its decision on the Consumer Price Index for All Urban Consumers for the 12-month period ending on March 31.

The IRS has made a similar adjustment to maximum out-of-pocket amounts:

  • Self-only: $7,050 (a $50 increase from 2021).
  • Family: $14,100 (a $100 increase from 2021).

The catch-up contribution amount for those 55 and older is not automatically adjusted and remains at $1,000.

Also remaining the same are minimum deductibles:

  • Self-only: $1,400.
  • Family: $2,800.

More information is available in IRS Rev. Proc. 2021-25.

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