2022 Cost-of-Living Adjustments
On May 10, 2021 the Internal Revenue Service (IRS) released Revenue Procedure 2021-25 announcing cost-of-living adjustments (COLAs) applicable to Health Savings Accounts (HSAs) for 2022.
After application of the COLA rules, changes for 2022 include an increase in the contribution limits applicable to individuals who have self only or family high-deductible health plan (HDHP) coverage.
Additionally, the minimum deductible amount that is a factor in determining whether a health plan is an HSA eligible HDHP will not increase for 2022, however, the maximum out-of-pocket expense limit that is a factor in determining whether a health plan is an HSA eligible HDHP will increase.
The following indicates the HSA regular contribution limits for 2022 and 2021:
| HSA Regular Contribution Limits for 2022 | |||
| HDHP Coverage | Standard Limit | Catch-Up Contribution | Contribution Limit if Age 55 or Older |
| Self-Only | $3,650 | $1,000 | $4,650 |
| Family | $7,300 | $8,300 | |
| HSA Regular Contribution Limits for 2021 | |||
| HDHP Coverage | Standard Limit | Catch-Up Contribution | Contribution Limit if Age 55 or Older |
| Self-Only | $3,600 | $1,000 | $4,600 |
| Family | $7,200 | $8,200 | |
| HDHP Requirements for 2022 | ||
| HDHP Coverage | Minimum Deductible | Out-of-Pocket Expense Limit |
| Self-Only | $1,400 | $7,050 |
| Family | $2,800 | $14,100 |
| HDHP Requirements for 2021 | ||
| HDHP Coverage | Minimum Deductible | Out-of-Pocket Expense Limit |
| Self-Only | $1,400 | $7,000 |
| Family | $2,800 | $14,000 |