Each year, the IRS announces inflation-adjusted limits for HSAs and HDHPs. On May 10, 2021, the IRS released Revenue Procedure 2021-25 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2022.

• Eligible individuals with self-only HDHP coverage will be able to contribute $3,650 to their HSAs for 2022, up from $3,600 for 2021.
• Eligible individuals with family HDHP coverage will be able to contribute $7,300 to their HSAs for 2022, up from $7,200 for 2021.
• Individuals who are age 55 or older are permitted to make an additional $1,000 “catch-up” contribution to their HSAs.
• The minimum deductible amount for HDHPs remains the same for 2022 plan years ($1,400 for self-only coverage and $2,800 for family coverage). However, the HDHP maximum out-of-pocket expense limit increases to $7,050 for self-only coverage and $14,100 for family coverage.

The adjusted contribution limits for HSAs take effect as of Jan. 1, 2022.  The adjusted HDHP cost-sharing limits take effect for the plan year beginning on or after Jan. 1, 2022.

Refer to the attached compliance bulletin for details and see your NEEBCo representative with questions.

HSA HDHP Limits Increase for 2022