Health Savings Account Contribution Limits for 2022

by | Jul 21, 2021

In May, the IRS released Health Savings Accounts contribution limits for 2022. These amounts are adjusted yearly based on inflation and announced in April or May, giving employers time to plan for open enrollment in the Fall. 

What are the HSA Contribution Limits for 2022? 

The annual contribution limit for 2022 for an individual with self-only coverage is $3650, an increase of $50 from the 2021 limit of $3600. For an individual with a family, the annual contribution limit is $7300, increasing by $100. The catchup contribution remains the same at $1000 for individuals that are 55 or older. 

What are the HDHP Minimum Deductibles for 2022?  

To open an HSA, you must have a high deductible health plan (HDHP) or a qualifying health plan. A health plan with a minimum deductible of $1400 for an individual and $2800 for a family is considered an HDHP. The minimums have not changed since 2021. 

HDHP Out-of-Pocket Maximums 

The out-of-pocket maximum for HDHPs in 2022 is $7050 for self-only plans, increasing by $50 from 2021. For family plans, the maximum is $14,100, an increase of $100. These maximums include any co-pays and deductibles.  

Related Information

Read: IRS Revenue Procedure 2021-25

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