The IRS on Monday, May 10, provided 2022 inflation-adjusted amounts pertaining to health savings accounts (HSAs) and the maximum amount that may be newly available for certain health reimbursement arrangements (HRAs).
Under Rev. Proc. 2021-25, the annual limitation on deductions under Sec. 223(b)(2)(A) for an HSA with self-only coverage is $3,650, an increase of $50 over 2021. The corresponding amount for family coverage is $7,300, up $100 from 2021.
The high-deductible health plan (HDHP) that must accompany an HSA also has inflation adjustments, for its minimum plan deductible amount and its maximum annual out-of-pocket limitation. See the adjustments.