As it does each year, the IRS has announced changes for health savings accounts, which are associated with high-deductible health plans.

The figures for 2022:

  • Self-only: $3,650 (a $50 increase from 2021)
  • Family: $7,300 (a $100 increase from 2021)

According to the Society for Human Resource Management, the government bases its decision on the Consumer Price Index for All Urban Consumers for the 12-month period ending on March 31.

The IRS has made a similar adjustment to maximum out-of-pocket amounts:

  • Self-only: $7,050 (a $50 increase from 2021)
  • Family: $14,100 (a $100 increase from 2021)

The catch-up contribution amount for those 55 and older is not automatically adjusted and remains at $1,000.

Also remaining the same are minimum deductibles:

  • Self-only: $1,400
  • Family: $2,800

More information is available in IRS Rev. Proc. 2021-25.

Questions? Contact us at 703-218-3600 or click here. To review our business planning articles, click here. To review our personal financial planning articles, click hereTo learn more about MCB’s tax practice and our tax experts, click here. 

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