The Internal Revenue Service announced the 2022 HSA program limits. The contribution limits to an HSA have been indexed to increase by $50 for an individual and $100 for a family. The “catch-up” provision remains unchanged allowing individuals to contribute an additional $1,000 starting the year the plan insured turns 55. Please see below for a table version of the 2022 HSA contribution schedule.
The minimum HSA deductibles remain unchanged for 2022 at $1,400/individual and $2,800/family.
| Individual | 2021 | 2022 |
| Minimum deductible | $1,400 | $1,400 |
| Annual OOP maximum | $7.000 | $7,050 |
| Contribution limit | $3,600 | $3,650 |
| Family | 2020 | 2022 |
| Minimum deductible | $2,800 | $2,800 |
| Annual OOP maximum | $14.000 | $14,100 |
| Contribution limit | $7,200 | $7,300 |
HSA/FSA Eligibility Updates:
As a reminder, the CARES act expanded the list of products that are eligible for reimbursement for both Health Savings Accounts (HSAs) and Flexible Spending Accounts (FSAs). Some items now considered eligible for reimbursement include the following:
- Over-the-counter (OTC) Medicines for treatment of allergy symptoms, flu and cold, asthma
- Pain relievers and anti-inflammatories
- Denture products
- Nicotine cessation products (patches, gum, lozenges)
- Orthopedic wraps
- Feminine care products
- Certain skin ointments
Believe it or not, Amazon has created a very user friendly section where they have grouped all the HSA/FSA eligible products together. If your debit card is declined due to the systems not recognizing the reimbursement yet, you will need keep your receipts to file manually for reimbursement.
