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IRS Releases 2022 Limits for QSEHRA, Health FSA and Commuter Benefits

Tax Law

By: Gene Ennis
November 11, 2021

On November 10, 2021, the IRS released Revenue Procedure 2021-45, which contains its 2022 inflation adjusted maximum contribution limits for health FSAs, commuter benefits, adoption assistance, QSEHRAs, and more.  They also increased the health FSA carryover limit for 2022.

Among the tax provisions of importance to Core Documents’ clients are those relating to the health FSAs, commuter benefits, adoption assistance and the QSEHRA. Below are some of the highlights for 2022.

The new 2022 limits are:

2022 Limits 2021 Limits
Health FSA $2,850 $2,750
FSA carryover $570 $550
Commuter Benefits $280 $270
Adoption assistance $14,890 per year $14,440
Qualified Small Employer HRA – QSEHRA
Self-Only Coverage $5,450 $5,300
Family Coverage $11,050 $10,700

Health Savings Account and High Deductible Health Plan Limits

Earlier this year, the IRS announced the inflation-adjusted amounts for health savings account and high-deductible health plans for 2022.  The HSA limit for self-only/family coverage will increase to $3,650 and $7,300, respectively for 2022. The maximum annual out-of-pocket expense limits for high deductible health plans for self-only and family coverage will increase in 2022 but the minimum annual deductible will remain unchanged from 2021 limits.

Health Savings Accounts/HDHP Limits

2022 Limits 2021 Limits
HSA Contribution — Annual Contribution Limit
Self-Only Coverage $3,650 $3,600
Family Coverage $7,300 $7,200
Catch-Up Contributions (age 55 or older) $1,000 $1,000
High Deductible Health Plan – Minimum Annual Deductible
Self-Only Coverage $1,400 $1,400
Family Coverage $2,800 $2,800
High Deductible Health Plan – Maximum Out of Pocket Limit
Self-Only Coverage $7,050 $7,000
Family Coverage $14,100 $14,000

Employers should review their various benefit plan documents such as the HSA, QSEHRA, health fsa, qualified transportation fringe benefits and adoption assistance plans to ensure that the increased limits are properly stated and implemented for 2022.