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:
|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.