On May 10, 2021, the IRS issued updated Health Savings Account (HSA) contribution limits for 2022.  These limits have been adjusted for inflation.

Health Savings Account Contribution Limits for 2022:

  • $3,650 for individuals in a high deductible health plan (HDHP) with self-only coverage. This is a $50 increase from this year.
  • $7,300 for individuals covered under a family HDHP. This is an increase of $100 from $7,200 in 2020.

In order to participate in an HSA, you must be enrolled in a high deductible health plan.  The IRS also adjusts minimum deductibles and maximum out-of-pocket expenses for inflation, as seen below.

2021 HDHP Minimum Deductible 2022 HDHP Maximum Out-of-Pocket Expenses
Individual with self-only coverage $1,400 $7,050
Individual with family coverage $2,800 $14,100


HSAs can be an effective way to reduce the cost of healthcare.  HSA withdrawals to pay for qualified medical costs are not taxed.  In addition, HSAs grow tax-deferred and the money rolls over from year-to-year.

For more information, please reach out to your Adams Brown advisor.