IRS Announces 2022 Limits for HSAs, HDHPs and Excepted Benefit HRAs

McDermott Will & Emery
Contact

McDermott Will & Emery

Recently, the Internal Revenue Service (IRS) announced (See Revenue Procedure 2021-25) cost-of-living adjustments to the applicable dollar limits for health savings accounts (HSAs), high-deductible health plans (HDHPs) and excepted benefit health reimbursement arrangements (HRAs) for 2022. Many of the dollar limits currently in effect for 2021 will change for 2022. The HSA catch-up contribution for individuals ages 55 and older will not change as it is not subject to cost-of-living adjustments.

The table below compares the applicable dollar limits for HSAs, HDHPs and excepted benefit HRAs for 2021 and 2022.

HEALTH AND WELFARE PLAN LIMITS

2021

Δ

2022

HDHP – Maximum annual out-of-pocket limit (excluding premiums)

 

 

 

Self-only coverage

$7,000

$7,050

Family coverage

$14,000

$14,100

HDHP – Minimum annual deductible

 

 

 

Self-only coverage

$1,400

$1,400

Family coverage

$2,800

$2,800

HSA – Annual contribution limit

 

 

 

Self-only coverage

$3,600

$3,650

Family coverage

$7,200

$7,300

Catch-up contributions (ages 55 and older)

$1,000

$1,000

Excepted Benefit HRA

 

 

 

Annual contribution limit

$1,800

$1,800

NEXT STEPS

Plan sponsors should update payroll and plan administration systems for the 2022 cost-of-living adjustments and incorporate the new limits in relevant participant communications, such as open enrollment and communication materials, plan documents and summary plan descriptions.

[View source.]

Written by:

McDermott Will & Emery
Contact
more
less

McDermott Will & Emery on:

Reporters on Deadline

"My best business intelligence, in one easy email…"

Your first step to building a free, personalized, morning email brief covering pertinent authors and topics on JD Supra:
*By using the service, you signify your acceptance of JD Supra's Privacy Policy.
Custom Email Digest
- hide
- hide

This website uses cookies to improve user experience, track anonymous site usage, store authorization tokens and permit sharing on social media networks. By continuing to browse this website you accept the use of cookies. Click here to read more about how we use cookies.