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2022 Tax Benefit Changes - FSA/HSA

The IRS has released 2022 cafeteria plan thresholds Revenue Procedure 2021-45, as shown below.

Flexible Spending Accounts (FSAs)

  • Heath FSA Maximum election increasing to $2,850 from $2,750

  • Dependent Care FSA Maximum Election remains unchanged at $5,000*

  • Maximum Rollover for FSA** increasing to $570 from $550

Health Savings Accounts (HSAs)

  • HDHP Minimum Annual Deductible - Single remains the same at $1,400

  • HDHP Minimum Annual Deductible - Family remains the same at $2,800

  • HDHP Out of Pocket Maximum - Single increases to $7,050 from $7,000

  • HDHP Out of Pocket Maximum - Family increase to $14,100 from $14,000

  • HSA Maximum Contribution Limit - Single increases to $3,650 from $3,600

  • HSA Maximum Contribution Limit - Family increases to $7,300 from $7,200

  • HSA Catch-Up Contribution Limit remains unchanged at $1,000

*COVID 19 relief allows for an increase to the Dependent Care Maximum contribution to $10,500 in tax year 2021, without respect to plan year. Taking advantage of this relief Requires plan amendment on or before the last day of the plan year in which the amendment becomes effective.

**The Consolidated Appropriations Act, 2021, allows employers that sponsor Health FSAs or Dependent Care FSAs the option of permitting participants to roll over all unused amounts in these accounts from 2020 to 2021 and from 2021 to 2022.

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