2022 HSA Contribution Limits

The IRS has released the 2022 HSA Limits for individuals and families:

• 2022 HSA contributions are $3,650 for individuals and $7,300 for families.
• HSA catch-up contributions will remain at an additional $1,000 for qualifying individuals over the age of 55.

As a reference, the 2021 HSA contributions limits were $3,600 for individuals and $7,200 for families. This means the individual contribution limits increased $50 and family contributions increased $100.

As you may know, an HSA is not a health insurance plan, but can (and should) be used in conjunction with all HSA-eligible plans (like a high deductible health plan). Qualifying HSA-eligible plan requirements have changed, just slightly, in 2022.

HSAs are tied to high-deductible health plans (HDHPs). The annual out-of-pocket expenses for a HDHP in 2021 are also increasing slightly from this year: They cannot exceed $7,050 for self-only coverage, or $14,100 for family coverage.