The Internal Revenue Service recently announced inflation adjusted amounts for Health Savings Accounts. These new numbers are maximum amounts for calendar year 2022. Here are the HSA caps adjusted for inflation.
The IRS adjusted annual limits on deductions for self-only coverage under a high deductible health plan to $3,650. Deductions for an individual with family coverage under a high deductible health plan is $7,300.
High deductible health plans are defined as health plans with an annual deductible that is more than $1,400 for self-only coverage or $2,800 for family coverage, and the annual out-of-pocket expenses like deductibles and co-payments, but not premiums, do not exceed $7,050 for self-only coverage or $14,100 for family coverage.