HSA Limits for 2022
A Health Savings Account (HSA) is a tax-exempt spending account used to pay for medical expenses as they occur or until you need them later in life. To open or contribute to an HSA you must be covered by a qualified high deductible health plan (HDHP). The HDHP is the insurance plan that has a high deductible dollar amount (or limit) you must satisfy before the plan provides payment. The table below lists the limits involved in contributing to an HSA.
| PLAN | 2022 | 2021 |
|---|---|---|
HSA contribution limits: | $3,650 Single | $3,600 Single |
Minimum deductible amounts: | $1,400 Single | $1,400 Single |
Maximum out-of-pocket limits: | $7,050 Single | $7,000 Single |
Annual HSA Contribution Limit – Age 55+ catch-up: | $1,000 | $1,000 |
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