The IRS just released Rev. Proc. 2021-25, which outlines the inflation adjusted amounts for 2022 relevant to health saving accounts (HSAs) and high deductible health plans (HDHPs). The new limits are summarized in the table below.
|Annual HSA Contribution Limit (employer and employee)|
|HSA Catch-Up Contributions (age 55 or older)||$1,000||$1,000||No change|
|Minimum Annual HDHP Deductible|
|Maximum Out-of-Pocket for HDHP (deductibles, co-pays & other amounts except premiums)|
Next Steps for Employers
As employers prepare for the 2022 plan year, they should ensure any plan materials and participant communications reflect the new limits.