Increase in contributions to the health savings account and decrease in ACA maximums for 2022 | Kilpatrick Townsend & Stockton LLP
Today the Internal Revenue Service Announced Health Savings Account Contribution Limits for 2022. HSA contributions have increased from $ 3,600 to $ 3,650 for self-service coverage in 2022 and from $ 7,200 to $ 7,300 for family coverage in 2022. Catch-up contributions remain the same at $ 1,000. For the purposes of the high deductible health plan limits, the minimum annual deductible for stand-alone coverage and family coverage remains the same for 2022 at $ 1,400 and $ 2,800, respectively. However, the maximum amounts reimbursable to the HDHP for 2022 go from $ 7,000 to $ 7,050 for stand-alone coverage and from $ 14,000 to $ 14,100 for family coverage.
The new limits above closely follow the ACA maximums published by CMS last month.. In 2022, the maximum amount of expenses reimbursable by the ACA will be $ 8,700 for individuals and $ 17,400 for family coverage. However, for the first time in ACA history, the maximum limits will be lower for low-income people. For participants with incomes between 100 percent and 200 percent of the federal poverty line, the maximum ACA amount in 2022 will be $ 2,900 for individuals and $ 5,800 for family coverage. For participants with incomes between 200 percent and 250 percent of the federal poverty line, the maximum ACA reimbursement limits will be $ 6,950 for individuals and $ 13,900 for family coverage.