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Benefits

IRS Announces 2022 HSA and EBHRA Contribution Limits, HDHP Minimum Deductibles, HDHP Out-of-Pocket Maximums

EBIA  

EBIA  

Rev. Proc. 2021-25 (May 10, 2021)

Available at https://www.irs.gov/pub/irs-drop/rp-21-25.pdf

The IRS has released the 2022 cost-of-living adjusted limits for health savings accounts (HSAs), high-deductible health plans (HDHPs), and excepted benefit health reimbursement arrangements (EBHRAs). Here are the details:

  • HSA Contribution Limits. The 2022 annual HSA contribution limit is $3,650 for individuals with self-only HDHP coverage (up from $3,600 in 2021), and $7,300 for individuals with family HDHP coverage (up from $7,200 in 2021).
  • HDHP Minimum Deductibles. The 2022 minimum annual deductible is $1,400 for self-only HDHP coverage (unchanged from 2021) and $2,800 for family HDHP coverage (unchanged from 2021).
  • HDHP Out-of-Pocket Maximums. The 2022 limit on out-of-pocket expenses (including items such as deductibles, copayments, and coinsurance, but not premiums) is $7,050 for self-only HDHP coverage (up from $7,000 in 2021), and $14,100 for family HDHP coverage (up from $14,000 in 2021).
  • EBHRA Contribution Limit. The maximum amount that may be made newly available for plan years beginning in 2022 is $1,800 (unchanged from 2021).

EBIA Comment: Because the HDHP out-of-pocket maximums and the HSA contribution limits for 2022 are increasing by the same amount, individuals will generally pay the same proportion of their out-of-pocket expenses with the benefit of the HSA tax break as they did in 2021. The catch-up contribution limit (for HSA-eligible individuals age 55 or older) is set forth in Code § 223(b)(3) and remains at $1,000. EBHRAs, first available in 2020, are limited-dollar, nonintegrated HRAs that qualify as excepted benefits. They can be offered by employers of any size and must meet specified requirements. For more information, see EBIA’s Consumer-Driven Health Care manual at Sections X (“HSAs: Required HDHP Coverage”), XII (“HSAs: Contributions”), and XXVIII.C (“Excepted Benefit HRAs (EBHRAs)”). See also EBIA’s Cafeteria Plans manual at Section XVI.K (“Special Considerations for HSAs Offered Through Cafeteria Plans”). In addition, you may be interested in our upcoming webinar “Health Savings Accounts (HSAs) in 2021: Advanced Issues and Recent Developments” (live on 5/20/2021).

Contributing Editors: EBIA Staff.

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