2022 Health and Fringe Benefit Limits
| |
2021 |
2022 |
| Health Savings Accounts – HDHP Limits (§223(c)(2)(A)) |
|
|
| HDHP Minimum Annual Deductible – Self Only |
$1,400 |
$1,400 |
| HDHP Minimum Annual Deductible – Family |
$2,800 |
$2,800 |
| HDHP Out-of-Pocket Maximum – Self Only |
$7,000 |
$7,050 |
| HDHP Out-of-Pocket Maximum – Family |
$14,000 |
$14,100 |
| |
|
|
| Health Savings Accounts – Max Contribution Limits (§223(b)) |
|
|
| Self Only |
$3,600 |
$3,650 |
| Family |
$7,200 |
$7,300 |
| Catch-Up Contributions (age 55 by the end of the year) |
$1,000 |
$1,000 |
| |
|
|
| Out-of-Pocket Maximum – PHSA §2707(b) Limits |
|
|
| Self Only |
$8,550 |
$8,700 |
| Embedded Individual Max within Family Coverage |
$8,550 |
$8,700 |
| Family |
$17,100 |
$17,400 |
| |
|
|
| Transportation Fringe Benefits – Monthly Limits (§132(f)(2)) |
|
|
| Parking |
$270 |
$280 |
| Transit Passes and Vanpooling (combined) |
$270 |
$280 |
| |
|
|
| Health Flexible Spending Arrangements |
|
|
| Contribution Limit (§125(i)) |
$2,750 |
$2,850 |
| Carryover Limit |
$550 |
$570 |
| |
|
|
| Dependent Care FSA |
|
|
| Contribution Limit (§129(a)(2))* |
$5,000 |
$5,000 |
| |
|
|
| Employer Adoption Assistance Exclusion (§137) |
|
|
| Maximum Gross Income Exclusion |
$14,440 |
$14,890 |
| Maximum AGI Limit (after which exclusion phases out) |
$216,660 |
$223,410 |
| |
|
|
| Qualified Small Employer HRA §9831(d) |
|
|
| Max Annual Contribution - All Coverage (other than family) |
$5,300 |
$5,450 |
| Max Annual Contribution - Family Coverage |
$10,700 |
$11,050 |
| |
|
|
| Excepted Benefit HRA - Treas. Reg. §54.9831-1(c)(3)(viii) |
|
|
| Annual Maximum |
$1,800 |
$1,800 |
| |
|
|
* Special income tax situations may require a lower limit.
Social Security Tax and Wage Base
The Social Security Administration announced that the 2022 social security wage base will be $147,000, which is an increase of $4,200 from $142,800 for the 2021 calendar year.
Medicare Tax
The regular Medicare tax rate of 1.45% remains unchanged and applies to all income without a limitation for both the employee and employer portion. The Affordable Care Act additional Medicare tax of 0.9% remains unchanged. The additional Medicare tax applies to wages, other compensation, and self-employment income over certain dollar thresholds ($200,000 for single and $250,000 for married filing jointly). The additional Medicare tax only applies to the employee and not the employer.
