The IRS has announced the 2022 Health Savings Account (HSA) contribution limits and the minimum deductible required for a plan to be considered a Qualified High-Deductible Health Plan (QHDHP). As a reminder, in order for an individual to participate in an HSA, they must be enrolled in a QHDHP plan. The IRS has also released the maximum out-of-pocket (OOP) amounts for those QHDHPs that are non-grandfathered.
To whom do these new amounts apply?
These amounts will apply to all group health plans and insurers offering a QHDHP and to any participants who elect to participate in an HSA in 2022. The OOP limit applies to non-grandfathered QHDHPs.
What are the new amounts for 2022?
The below amounts apply to plan years beginning on or after January 1, 2022:
2021 | | 2022 | | |
| Single | Family | Single | Family |
Contribution limits* | $3,600 | $7,200 | $3,650 increase of $50) | $7,300 (increase of $100) |
Minimum deductibles | $1,400 | $2,800 | $1,400 (no change) | $2,800 (no change) |
Maximum out-of-pocket** | $7,000 | $14,000 | $7,050 (increase of $50) | $14,100 (increase of $100) |
*Eligible individuals age 55 and over may increase their maximum contribution by $1,000 at the end of the tax year.
**Please note the non-HDHP maximum OOP amounts for non-grandfathered plans are set at $8,700/$17,400 for 2022.