The Internal Revenue Service (IRS) recently released the new HSA index figures for 2022 (Revenue Procedure 2021-25) and additional guidance on the tax treatment of dependent care benefits (Revenue Procedure 2021-26) on May 10, 2021.
2022 HSA Index Figures
Minimum deductible amounts for the qualifying High-Deductible Health Plan (HDHP)
Individual Coverage
2021 - $1,400
2022 - $1,400 (no change)
Family Coverage
2021- $2,800
2022 - $2,800 (no change)
Maximum contribution levels
Individual Coverage
2021 - $3,600
2022 - $3,650 (increase of $50)
Family Coverage
2021- $7,200
2022 - $7,300 (increase of $100)
Catch-up contributions
allowed for those 55 years of age and over
2021 - $1,000
2022 - $1,000 (no change)
Maximums for HDHP out-of-pocket expenses (excluding premiums)
Individual Coverage
2021 - $7,000
2022 - $7,050 (increase $50)
Family Coverage
2021- $14,000
2022 - $14,100 (increase $100)
Also, for plan years beginning in 2022, Revenue Procedure 2021-25 provides that the maximum amount that may be made newly available for the plan year in an excepted Health Reimbursement Arrangement (HRA) is $1,800. Plan sponsors should update payroll and plan administration systems for the 2022 cost-of-living adjustments and incorporate the new limits in relevant participant communications, such as open enrollment and communication materials, plan documents and summary plan descriptions.