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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.

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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.

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HSA Important Reminders:

• The 2021 tax filing deadline is extended to May 17.  HSA participants can make contributions for 2020 up to the deadline.
• HSA's are NOT "use it or lose it".  You can keep your HSA account for life, regardless of employment status or medical coverage.

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As always, Acuity Group will keep you informed of any legislation that will impact you & your employees.  Please feel free to reach out to your Acuity Account Management team for any additional information.

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