IRS Releases 2022 Limits For Flexible Spending Accounts (FSA) Health Savings Accounts (HSA) and Commuter Benefits
The Internal Revenue Service (IRS) released Rev. Proc. 2021-45, which calls for an adjustment to the spending limits for Flexible Spending Accounts (FSA) Health Savings Accounts (HSA) and Commuter Benefits. Effective January 1, 2022 the following will be the new limits:
|
|
2022 |
2021 |
Change |
|
|
Healthcare Flexible Spending Account (FSA) |
$2,850 |
$2,750 |
$100 Increase |
|
|
Healthcare FSA Carryover |
$570 |
$550 |
$20 Increase |
|
|
Monthly Maximum Mass Transit |
$280 |
$270 |
$10 per month |
|
|
Monthly Maximum Parking |
$280 |
$270 |
$10 per month |
|
|
HSA Contribution Limit |
Self Only - $1,400 Family - $2,800 |
Self Only - $1,400 Family - $2,800 |
No change No change |
|
|
HSA Catch-up Contribution Age 55 and older |
$1,000 |
$1,000 |
No change |
|
|
HDHP Minimum Deductibles |
Self Only - $1,400 Family - $2,800 |
Self Only - $1,400 Family - $2,800 |
No change No change |
|
|
Maximum out-of-pocket |
Self Only - $7,050 Family Only - $14,100 |
Self Only - $7,000 Family Only - $14,100 |
$50 increase $100 increase |
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For additional information, questions or concerns, please concern Misty Baker at misty.baker@benefitmall.com or David Mordo at david.mordo@benefitmall.com