IRS Announces Increases to 2022 HSA Contribution Limits

The Internal Revenue Service (IRS) announced increases to health savings account (HSA) contributions for 2022. HSA contribution limits will increase from $3,600 to $3,650 (self-only coverage) and from $7,200 to $7,300 (family coverage). Catch-up contributions (age 55 and older) remain the same at $1,000. For more information, including minimum deductible and maximum out-of-pocket expenses for high-deductible health plans (HDHPs), see Revenue Procedure 2021-25.