On May, 10, 2021, the IRS released HSA contribution limits for 2022. Self-only coverage is raised by $50 and family coverage is raised by $100. The annual limit on HSA contributions will be $3,650 for self-only and $7,300 for family coverage.
The HHS’s annual out-of-pocket limits are higher than those set by the IRS, but to qualify as an HSA-compatible HDHP, a plan must not exceed the IRS’s lower out-of-pocket maximums. Below is a comparison of the two sets of limits.
HR Workplace Services, Inc. (HRWS) partners with the nation’s top insurance brokers and agencies providing their clients with best-in-class services for support and HR concerns, compliance and technology. HRWS operates in all 50 States and in over 25 different countries, serving organizations from three to 200,000 employees in 545 SIC Codes.
If you have questions about HRWS, call or email us directly or ask your insurance broker about us.