2022 HSA and HDHP Cost-of-Living Adjustments Announced
The IRS has announced the 2022 cost-of-living adjustments for health savings accounts (HSAs) and high-deductible health plans (HDHPs) –
- HSA Contribution Limits – the 2022 annual HSA contribution limit is $3,650 for individuals with self-only HDHP coverage (up from $3,600 in 2021), and $7,300 for individuals with family HDHP coverage (up from $7,200 in 2021).
- HDHP Minimum Deductibles – the 2022 minimum annual deductible is $1,400 for self-only HDHP coverage and $2,800 for family HDHP coverage (unchanged from 2021).
- HDHP Out-of-Pocket Maximums – the 2022 limit on out-of-pocket expenses is $7,050 for self-only HDHP coverage (up from $7,000 in 2021) and $14,100 for family HDHP coverage (up from $14,000 in 2021).
Because the HDHP out-of-pocket maximums and HSA contribution limits for 2022 increase by the same amounts, individuals will pay the same proportion of out-of-pocket expenses with HSA tax-benefit dollars as they did in 2021.