PRM Consulting

IRS Posts 2022 Limits for Health Savings Accounts

Washington D.C. PRM Consulting

The IRS has announced the health savings account (HSA) limits for 2022. The new limits have increased $50 for individual coverage to $3,650. Family coverage has seen a $100 increase to $7,300. For those age 55 and up, an additional $1,000 is allowed. Employers that sponsor high-deductible health plans (HDHPs) should consider these limits as they plan for open enrollment season later this year.

See the announcement here: IRS Revenue Procedure 2021-25.