Health Savings Account Requirements and Limits for 2022

The IRS released the 2022 health savings account (HSA) annual contribution limits and high deductible health plan (HDHP) requirements in IRS Rev. Proc. 2021-25.

The updated annual dollar amounts are set forth below.

 

 

 

 

2022 HSA Annual HSA Contribution Limits*

      • Self-only (single) HDHP coverage = $3,650
      • Other than self-only (family) HDHP coverage = $7,300

*Catch-up contributions — HSA-eligible individuals who have reached age 55 by the end of the taxable year can make an extra annual $1,000 catch-up contribution.

2022 Qualifying HDHP Coverage

      • Minimum Deductible – Self-only (single) = $1,400; Other than self-only (family) = $2,800
      • OOP Maximum – Self-only (single) = $7,050; Other than self-only (family) = $14,100


About Michelle Cammayo, Compliance National Practice Leader, Employee Benefits

Michelle Cammayo has close to 20 years of Employee Benefits experience specializing in all lines of health and welfare benefits. Today, Michelle works closely with clients and partners to provide guidance in areas of the law including ERISA, HIPAA, COBRA, FMLA and PPACA. She is also the IMA National Practice Leader for Compliance and endeavors to ensure IMA helps its clients manage and eliminate risk in the most effective manner. She is passionate about educating others and her passion for this shined in the COVID era where Michelle conducted weekly and then monthly webinars providing guidance to employers. Her podcast, Cammayo’s Compliance Talk, has gained popularity in the last three years to become a favorite amongst our clients. She also contributes regularly to our Blog and has authored several articles for industry-related newsletters. Michelle’s consultative approach with employers provides practical advice as employers endeavor to be compliant.

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