2022 Contribution Limits

Spending

IRS Releases 2022 Limits For Flexible Spending Accounts (FSA) Health Savings Accounts (HSA) and Commuter Benefits

 

The Internal Revenue Service (IRS) released Rev. Proc. 2021-45, which calls for an adjustment to the spending limits for Flexible Spending Accounts (FSA) Health Savings Accounts (HSA) and Commuter Benefits. Effective January 1, 2022 the following will be the new limits:

 

 

2022

2021

Change

Healthcare Flexible Spending Account (FSA)

$2,850

$2,750

$100 Increase

Healthcare FSA Carryover

$570

$550

$20 Increase

Monthly Maximum Mass Transit

$280

$270

$10 per month

Monthly Maximum Parking

$280

$270

$10 per month

HSA Contribution Limit

Self Only - $1,400

Family - $2,800

Self Only - $1,400

Family - $2,800

No change

No change

HSA Catch-up Contribution

Age 55 and older

$1,000

$1,000

No change

HDHP Minimum Deductibles

Self Only - $1,400

Family - $2,800

Self Only - $1,400

Family - $2,800

No change

No change

Maximum out-of-pocket

Self Only - $7,050

Family Only - $14,100

Self Only - $7,000

Family Only - $14,100

$50 increase

$100 increase

         

 

For additional information, questions or concerns, please concern Misty Baker at misty.baker@benefitmall.com or David Mordo at david.mordo@benefitmall.com

 

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