On May 10, the Internal Revenue Service (IRS) announced the 2022 inflation-adjusted amounts for health savings accounts (HSAs) as determined under the Internal Revenue Code.
Health savings account (HSA) contribution limits for 2022 are going up $50 for self-only coverage and $100 for family coverage. For calendar year 2022, the annual limit on HSA contributions for an individual with self-only coverage under a high deductible health plan (HDHP) is $3,650 (up from $3,600 for 2021). The annual limit on HSA contributions for an individual with family coverage under an HDHP is $7,300 (up from $7,200 for 2021).
For plan years beginning in 2022, an HDHP is defined as a health plan with an annual deductible that is not less than $1,400 for self-only coverage or $2,800 for family coverage, and annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) that do not exceed $7,050 for self-only coverage or $14,100 for family coverage.
The IRS announcement may be read here.
