IRS Announces 2022 HSA and HDHP Limit Increases

The IRS has announced increased contribution limits for Health Savings Accounts (HSAs) in 2022. The new limits are:

  • $3,650 for individuals (up $50 from 2021)
  • $7,300 for family plans (up $100 from 2021)

No changes were made to high deductible health plans’ (HDHP) minimum annual deductibles; they will remain the same as 2021: $1,400 for individuals and $2,800 for families. However, the maximum annual out-of-pocket expenses for HDHP policyholders went up slightly to $7,050 for individuals and $14,100 for families in 2022.

This should be welcome news to benefits teams, as these updates shouldn’t require big changes to plan designs.

Here are a few Further resources to share with your employees to help them take full advantage of their HSAs:

As benefits teams prepare for 2022 open enrollment, now is a great time to consider adding HSAs to your health plan. Health care costs continue to rise year over year; the Kaiser Family Foundation's 2020 Employer Health Benefits Survey found that health care premiums for single and family plans have increased 20% and 22% on average since 2015. In 2020, the average annual premium for single coverage was $7,470 and $21,342 for a family.

The advantages of an HSA plan are many, including reducing both employers' and employees' health care costs, and companies are starting to take notice. Industry tracker Devenir found that in 2020 Americans had more than 30 million HSAs - a 6% increase year over year - and predicts the country will have over 36 million HSAs holding more than $127 billion in assets by the end of 2023.


To learn more about adding HSAs to your health plan, head to our employer or agent/broker hubs to get started.

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