The IRS has released (Rev. Proc. 2021-25
) inflation adjustments for health savings accounts (HSAs) and health reimbursement arrangements (HRAs) for calendar year 2022.
The annual HSA limits under Section 223(b)(2) for 2022 will be:
- $3,650 for self-only coverage (up from $3,600 in 2021)
- $7,300 from family coverage (up from $7,200 in 2021)
A qualifying high deductible health plan must have annual deductible in 2022 of at least $1,400 for self-only coverage or $2,800 for family coverage (both unchanged). The deductibles cannot exceed $7,050 for self-only coverage (up from $7,000 in 2021) or $14,100 for family coverage (up from $14,000 in 2021).
Revenue Procedure 2021-25 also provides that for plan years beginning in 2022, the maximum amount that may be made newly available for the plan year for excepted benefit HRAs remains $1,800.
Washington National Tax Office
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