The IRS announced Monday, May 10th, HSA limits for 2022. The IRS confirmed HSA contribution limits along with minimum deductible and maximum out-of-pocket expenses for the HDHPs with which HSAs are paired for 2022.
Self-Only Enrollment in a High Deductible Health Plan (HDHP) 2022 HSA Limits:
· Maximum annual contribution: $3,650 ($3,600 in 2021)
· Minimum deductible for the HDHP to be HSA-qualified: $1,400 (no change from 2021)
· Maximum HDHP out-of-pocket limit: $7,050 ($7,000 in 2021)
Family Enrollment in a High Deductible Health Plan 2022 HSA Limits:
· Maximum annual contribution: $7,300 ($7,200 in 2021)
· Minimum deductible for the HDHP to be HSA-qualified: $2,800 (no change from 2021)
· Maximum HDHP out-of-pocket: $14,100 ($14,000 in 2021)
There was no change to the HSA account holders age 55+ additional $1,000 catch-up contribution.
As always, JTS will keep you informed of any legislation that will impact you & your employees. Please feel free to reach out to your JTS Account Management team for any additional information.