IRS Announces HSA, FSA and HDHP Contribution and OOP Limits for 2022

The Internal Revenue Service has released the 2022 contribution limits for health savings accounts (HSAs), health care flexible spending accounts (FSAs), and commuter benefits, as well as the minimum deductible and maximum out-of-pocket (OOP) expenses for high-deductible health plans (HDHPs).
For HSAs, the annual contribution limits will increase by $50 for individuals (from $3,600 to $3,650) and $100 for families (from $7,200 to $7,300). The HSA additional "catch up" contribution for those 55 or older by the end of the the tax year remains at $1,000.

For HDHPs, the minimum annual deductible stays the same for both self-only coverage ($1,400) and for family coverage ($2,800). The OOP maximum — which includes deductibles, co-payments and other cost-sharing amounts, but excludes premiums — will be capped at $7,050 for self-only coverage and $14,100 for family coverage. This represents an increase of $50 and $100, respectively, from 2021.

The annual contribution limit for health care FSAs, including Limited Purpose FSAs will increase by $100 to $2,850. The carryover limit is rising $20 to $570 for 2022. The commuter benefits limit for mass transit and parking will increase by $10 to $280 per month in 2022.

The IRS updates contribution limits annually to reflect cost-of-living adjustments. These limits are effective for plan years that begin on or after Jan. 1, 2022.

Related: 401(k) Contribution Limits for 2022