Summary of 2022 changes
This revenue procedure establishes the 2022 inflation-adjusted limits for Health Savings Accounts (HSAs) and the maximum available amount for excepted benefit Health Reimbursement Arrangements (HRAs).
- For 2022, the annual HSA contribution limit is:
- $3,650 for individuals with self-only coverage under a high deductible health plan
- $7,300 for individuals with family coverage under a high deductible health plan
- A high deductible health plan in 2022 is defined as:
- Annual deductible of at least $1,400 for self-only coverage or $2,800 for family coverage
- Annual out-of-pocket expenses (excluding premiums) do not exceed $7,050 for self-only coverage or $14,100 for family coverage
- The maximum amount newly available for an excepted benefit HRA for plan years beginning in 2022 is $1,800.
- This revenue procedure applies to HSAs for calendar year 2022 and excepted benefit HRAs for plan years beginning in 2022.
Details below:
Rev. Proc. 2021-25
SECTION 1. PURPOSE
This revenue procedure provides the 2022 inflation adjusted amounts for Health Savings Accounts (HSAs) as determined under § 223 of the Internal Revenue Code and the maximum amount that may be made newly available for excepted benefit health reimbursement arrangements (HRAs) provided under § 54.9831-1(c)(3)(viii) of the Pension Excise Tax Regulations.
SECTION 2. 2022 INFLATION ADJUSTED ITEMS
.01 HSA INFLATION ADJUSTED ITEMS
Annual contribution limitation. For calendar year 2022, the annual limitation on deductions under § 223(b)(2)(A) for an individual with self-only coverage under a high deductible health plan is $3,650. For calendar year 2022, the annual limitation on deductions under § 223(b)(2)(B) for an individual with family coverage under a high deductible health plan is $7,300.
High deductible health plan. For calendar year 2022, a “high deductible healthplan” is defined under § 223(c)(2)(A) as a health plan with an annual deductible that is not less than $1,400 for self-only coverage or $2,800 for family coverage, and the annual out-of-pocket expenses (deductibles, co-payments, and other amounts, but not premiums) do not exceed $7,050 for self-only coverage or $14,100 for family coverage.
.02 HRA INFLATION ADJUSTED ITEM
For plan years beginning in 2022, the maximum amount that may be made newly available for the plan year for an excepted benefit HRA under § 54.9831-1(c)(3)(viii) is $1,800. See § 54.9831-1(c)(3)(viii)(B)(1) for further explanation of this calculation.
SECTION 3. EFFECTIVE DATE
This revenue procedure is effective for HSAs for calendar year 2022 and for excepted benefits HRAs for plan years beginning in 2022.
SECTION 4. DRAFTING INFORMATION
The principal author of this revenue procedure is Bill Ruane of the Office of Associate Chief Counsel (Income Tax & Accounting). For further information regarding § 223 of the Code and HSAs contact William Fischer at (202) 317-5500 (not a toll-free number). For further information regarding excepted benefit HRAs, contact Christopher Dellana at (202) 317-5500 (not a toll-free number). For further information regarding the calculation of the inflation adjustments in this revenue procedure, contact Mr. Ruane at (202) 317-4718 (not a toll-free number).
https://www.irs.gov/pub/irs-drop/rp-21-25.pdf
