Employers looking to get a jumpstart on 2022 will want to take a look at the 2022 HSA limits just released by IRS.
IRS Revenue Procedure 2021-25 sets the limits for high deductible health plans (HDHPs) and health savings accounts (HSAs).
The numbers your team needs
Take a look at your new thresholds for these plans effective Jan. 1, 2022:
- The maximum HSA contribution for an individual with self-only HDHP coverage: $3,650 (up $50).
- The maximum HSA contribution for family HDHP coverage: $7,300 (a $100 increase).
- The max out-of-pocket amount for an HDHP for self-only coverage: $7,050 (up $50).
- The max out-of-pocket limit for an HDHP participant with a family plan: $14,100 ($100 more).
- The minimum deductible HDHP coverage: holds at $1,400 for self-only and $2,800 for family coverage.
- The maximum amount for HSA catch-up contributions for those age 55 or older again remains $1,000.
More items can be reimbursed via HSA
Remember that additional items now qualify for reimbursement under your company’s health savings account.
This spring, IRS Announcement 2021-07 greenlighted the reimbursement of personal protective equipment to protect against COVID-19.
- hand sanitizer, and
- sanitizing wipes.