The IRS has released the 2022 contribution limits for health savings accounts (HSAs), as well as the 2022 minimum deductible and maximum out-of-pocket amounts for high-deductible health plans (HDHPs). An HSA is a tax-advantaged account that's paired with an HDHP. An HSA offers several valuable tax benefits for Fortune 500 employees:

  • You may be able to make pre-tax contributions via payroll deduction through your employer, reducing your current income tax.

  • If you make contributions on your own using after-tax dollars, they're deductible from your federal income tax (and perhaps from your state income tax) whether you itemize or not.

  • Contributions to your HSA, and any interest or earnings, grow tax deferred.

  • Contributions and any earnings you withdraw will be tax-free if used to pay qualified medical expenses.

Here are the key tax numbers for 2021 and 2022.

Health Savings Accounts

Annual contribution limit 2021 2022
Self-only coverage $3,600 $3,650
Family coverage $7,200 $7,300


High-deductible health plan: self-only coverage 2021 2022
Annual deductible: minimum $1,400 $1,400
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed $7,000 $7,050


High-deductible health plan: family coverage 2021 2022
Annual deductible: minimum $2,800 $2,800
Annual out-of-pocket expenses required to be paid (other than for premiums) can't exceed $14,000 $14,100


Catch-up contributions 2021 2022
Annual catch-up contribution limit for individuals age 55 or older $1,000 $1,000


This material was prepared by Broadridge Investor Communication Solutions, Inc., and does not necessarily represent the views of The Retirement Group or FSC Financial Corp. This information should not be construed as investment advice. Neither the named Representatives nor Broker/Dealer gives tax or legal advice. All information is believed to be from reliable sources; however, we make no representation as to its completeness or accuracy. The publisher is not engaged in rendering legal, accounting or other professional services. If other expert assistance is needed, the reader is advised to engage the services of a competent professional. Please consult your Financial Advisor for further information or call 800-900-5867.


The Retirement Group is not affiliated with nor endorsed by,,,,, ING Retirement, AT&T, Qwest, Chevron, Hughes, Northrop Grumman, Raytheon, ExxonMobil, Glaxosmithkline, Merck, Pfizer, Verizon, Bank of America, Alcatel-Lucent or by your employer. We are an independent financial advisory group that focuses on transition planning and lump sum distribution. Please call our office at 800-900-5867 if you have additional questions or need help in the retirement planning process.


The Retirement Group is a Registered Investment Advisor not affiliated with FSC Securities and may be reached at


TRG Retirement Guide