IRS releases 2022 HSA contribution limits

The Internal Revenue Service has announced new contribution limits for Health Savings Accounts that are adjusted for inflation.

For the 2022 calendar year, the annual limit for HSA contributions for individuals with self-only coverage under a high deductible health plan will be $3,650, which is a $50 increase over 2021. For family coverage through a high deductible health plan, the annual HSA contribution limit will rise to $7,300 in 2022, an increase of $100 over this year.

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 that don’t exceed $7,050 for self-only coverage and $14,100 for family coverage.