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IRS releases 2022 HSA and HDHP limits

06/03/21

Author: ADP Admin/Tuesday, June 1, 2021/Categories: Compliance Corner

On May 10, 2021, the Internal Revenue Service (IRS) via Revenue Procedure 2021-25, released inflation-adjusted contribution limitations for calendar year 2022, regarding health savings accounts (HSAs) and high-deductible health plans (HDHPs).  

These limits are indexed for inflation and released annually by June 1st for the following year, as established under the Tax Relief and Health Care Act of 2006.

2022 Annual HSA Contribution Limits:

Self-only HDHP coverage: $3,650* (up $50 from 2021)

Family HDHP coverage: $7,300* (up $100 from 2021)

*However, an individual who has reached the age of 55 by the end of the calendar year may contribute an additional $1,000 per year.

2022 Annual HDHP Minimum Deductibles:

Self-only coverage: $1,400 (no change from 2021)

Family coverage: $2,800 (no change from 2021)

2022 HDHP Out-of-Pocket Limits (includes deductibles, co-payments and other amounts, but not premiums):

Self-only coverage: $7,050 (up $50 from 2021)

Family coverage: $14,100 (up $100 from 2021)

For a copy of Revenue Procedure 2021-25 please click on the link provided below.

https://www.irs.gov/pub/irs-drop/rp-21-25.pdf