The Internal Revenue Service (IRS) has released Revenue Procedure 2021-25 that provides the health savings accounts (HSA) limits and excepted benefit health reimbursement arrangements (EBHRA) for 2022. Show The 2022 amounts for HSAs as compared to 2021 are as follows:
The annual contribution maximum for 2022 is increasing by $50 for individuals with self-only HSA qualified high deductible health plan (HDHP) coverage to $3,650, and increasing by $100 for individuals with family HSA qualified HDHP coverage to $7,300. The maximum catch-up contribution for eligible account holders over age 55 remains $1,000. The minimum deductibles for HDHP to be HSA qualified are not changing from 2021 to 2022. The minimum deductible for self-only coverage will remain $1,400. The minimum aggregate deductible for family coverage will remain $2,800. HSA-compatible HRAs continue to use these minimum deductibles for 2022. Please remember, if your plan uses an embedded deductible, in order to remain HSA qualified the minimum deductible per person must be $2,800 on a family contract. To be an HSA qualified plan, a HDHP must also meet required out-of-pocket maximum limits. These limits have increased for 2022 and cannot be greater than $7,050 for single coverage (increase of $100 from $7,000 in 2021) and $14,100 for family coverage (increase of $100 from $14,000 in 2021). On May 5, 2021, the Department of Health and Human Services (HHS) released the final rule that included the 2022 maximum out-of-pocket limits for non-grandfathered plans.. The 2022 maximum for individuals with self-only coverage is $8,700, and the maximum for those enrolled in family coverage is $17,400. It is important to note that you can have a plan design that is compatible with the Affordable Care Act (ACA), but is not compatible with the HSA rules. The ACA out of pocket maximums are higher than what is permitted to be considered to be an HSA compatible HDHP. https://www.govinfo.gov/content/pkg/FR-2021-05-05/pdf/2021-09102.pdf health savings account2022-2023 HSA Contribution Limits and Guidelines
Minimum deductible amounts $1,400 single plan $1,500 single plan $2,800 family plan $3,000 family plan Maximum out-of-pocket limits $7,050 single plan $7,500 single plan $14,100 family plan $15,000 family plan HSA contribution limits HSA members can contribute up to the annual maximum amount that is set by the IRS. $3,650 single coverage $7,300 family coverage HSA members can contribute up to the annual maximum amount that is set by the IRS. $3,850 single coverage $7,750 family coverage Catch-up contributions Those 55 and older are allowed by the IRS to contribute an extra $1,000 to their annual maximum amount. $4,650 single coverage $8,300 family coverage Those 55 and older are allowed by the IRS to contribute an extra $1,000 to their annual maximum amount. $4,850 single coverage $8,750 family coverage Prorated contribution limits The IRS states that contribution limits must be prorated by the number of months one is eligible to contribute to a health savings account. Divide the contribution limit by 12 and contribute that amount. The IRS states that contribution limits must be prorated by the number of months one is eligible to contribute to a health savings account. Divide the contribution limit by 12 and contribute that amount. FSA with grace period terms An FSA offers a grace period to participants of an additional 2 ½ months that can incur claims after the end of a plan year. This 2 ½ month grace period disqualifies those from contributing to an HSA, regardless of when the balance was zeroed. An FSA offers a grace period to participants of an additional 2 ½ months that can incur claims after the end of a plan year. This 2 ½ month grace period disqualifies those from contributing to an HSA, regardless of when the balance was zeroed. IRA to HSA rollover HSA owners may make a one-time distribution of money from an IRA into an HSA. An individual may only do this if they are already eligible to have an HSA. Funds can only be rolled over once during a lifetime. The maximum rollover amount is the same as the annual HSA contribution limit for that year. HSA owners may make a one-time distribution of money from an IRA into an HSA. An individual may only do this if they are already eligible to have an HSA. Funds can only be rolled over once during a lifetime. The maximum rollover amount is the same as the annual HSA contribution limit for that year.  HSA For IndividualsDiscover the best way to manage the high cost of healthcare.
Want to learn more? HSA Guide Do employer HSA contributions count towards Max?Employer HSA contributions are not treated as taxable income but do count toward employees' annual contribution limit, Stone noted.
Are employer contributions to an HSA included in the taxpayers annual limit?Contributions, other than employer contributions, are deductible on the eligible individual's return whether or not the individual itemizes deductions. Employer contributions aren't included in income. Distributions from an HSA that are used to pay qualified medical expenses aren't taxed.
What is the max you can contribute to HSA in 2022?Maximum contribution amounts for 2022 are $3,650 for self-only and $7,300 for families. The annual “catch-up” contribution amount for individuals age 55 or older will remain $1,000.
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Does employer contribution to hsa count towards limit 2022
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