IRS Adjusts HSA Limits for 2022

Tuesday, June 22, 2021 – 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.