HSA contributions and limits
HDHP & HSA contribution info
Because an HSA is a bank account, anyone can contribute to it, including you, your employees and your employees’ family or friends. No matter who puts money in, there’s a limit to what can be contributed each year.
High-deductible health plan limits
To have an HSA, you have to have a high-deductible health plan (HDHP). HDHPs set limits for how much members pay for health care services before the health insurance starts paying.
|
2021 |
2022 |
Change |
|
| HSA contribution limit (employer + employee) |
Individual: $3,600 Family: $7,200 |
Individual: $3,650 Family: $7,300 |
Individual: +$50 Family: +$100 |
| HDHP minimum deductibles |
Individual: $1,400 Family: $2,800 but not less than $2,800 per person |
Individual: $1,400 Family: $2,800 but not less than $2,800 per person |
No change |
| HDHP maximum out-of-pocket amounts (deductibles, copayments and other amounts, but not premiums) |
Individual: $7,000 Family: $14,000 but no more than $8,550 a person |
Individual: $7,050 Family: $14,100 but no more than $8,700 a person |
Individual: +$150 Family: +$300 |
| HHS annual out-of-pocket limit |
Individual: $8,550 Family: $17,100 but no more than $8,550 a person |
Individual: $8,700 Family: $17,400 but no more than $8,700 per person |
Individual: +$400 Family: +$800 |
| HSA catch-up contributions (age 55 or older)1 |
$1,000 | $1,000 | No change2 |
1Catch-up contributions can be made any time during the year in which the HSA participant turns 55.
2Unlike other limits, the HSA catch-up contribution amount is not indexed; any increase would require legislative change.
Tax information and implications
There are different tax implications for the self-employed, partnerships or S-Corps. If you have questions about HSAs and tax implications, contact your accountant or refer to IRS Notice 2005-8.
Using Form 8889
Make sure your employees file Form 8889 each year they have an HSA. This form tells the IRS about all contributions and distributions made during the year and allows the account holder to list any after-tax contributions so they receive an "above-the-line" deduction.
