On Monday, May 10, the Internal Revenue Service (IRS) published the 2022 HSA contribution limits, out-of-pocket limits, and high deductible health plan (HDHP) minimum deductibles. Rev. Proc. 2021-25 also includes the excepted benefit Health Reimbursement Arrangement (EBHRA) limit for 2022.
2022 HSA Contribution Limits
In 2022, Health Savings Account (HSA) owners will be able to contribute more to their accounts. For those with self-only coverage, the limit increases to $3,650, an increase of $50. HSA owners with family coverage will be able to contribute up to $7,300, a $100 increase.
Catch up contributions for those age 55 and over remain the same at $1,000 over the annual limit.
2022 HSA Contribution Limits
| Self-Only Coverage | Family Coverage | Catch Up Contributions | |
| 2022 | $3,650 (+ $50) | $7,300 (+ $100) | Limit + $1,000 |
| 2021 | $3,600 | $7,200 | Limit + $1,000 |
2022 HDHP Minimum Deductibles and Out-of-Pocket Limits
For calendar year 2022, an HSA-qualified HDHP will have a minimum annual deductible of $1,400 for self-only coverage and $2,800 for those with family coverage. There is no change from 2021.
However, there is an increase for out-of-pocket limits. Annual out-of-pocket limits are capped at $7,050 for self-only coverage and $14,100 for family coverage.
2022 HDHP Minimum Deductibles and Out-of-Pocket Limits
| HDHP Minimum Deductible | Out-of-Pocket Limits | |
| 2022 | $1,400 for single coverage (no change) $2,800 for family coverage (no change) |
$7,050 for single coverage (+ $50) $14,100 for family coverage (+ $100) |
| 2021 | $1,400 for single coverage $2,800 for family coverage |
$7,000 for single coverage $14,000 for family coverage |
Important HSA Notes
- The 2021 tax filing deadline was extended by one month. HSA owners have until May 17 to contribute for the 2020 year.
- HSA funds may be used for a long list of eligible healthcare expenses, including COVID-19 PPE, OTC medications, and menstrual care products.
- An HSA is owned by the participant (not employer), who may keep and use the account for life, regardless of their employment status.
- Account owners may fund their HSA from a personal IRA (traditional or Roth) once in their lifetime. The contribution counts towards the annual contribution limit.
2022 Excepted Benefit HRA Limits
The IRS also announced the limits for EBHRAs. The annual limit will remain at $1,800. An EBHRA is an employer-funded benefit which can be used for “excepted benefits” such as dental and vision plan premiums, eligible expenses, long-term disability premiums, and COBRA, among others.
Source: DataPath