HSA Limits for 2022

Health Saving Accounts and ObamaCare for 2022

We cover everything you need to know about Health Savings Accounts (HSAs) for 2022, including how HSAs work with health plans under the Affordable Care Act.

TIP: The Affordable Care Act is sometimes called “ObamaCare” or the “ACA” for short. Thus, this page is about HSAs and how they work with ObamaCare / ACA plans. Learn more about the Affordable Care Act.

HSA Chart for 2022

2021 Minimum Deductible Maximum Out-of-Pocket Contribution Limit 55+ Contribution
Single $1,400 $7,050 $3,650 +$1,000
Family $2,800 $14,100 $7,300 +$1,000
FACT: HSA’s aren’t “use it or lose it.” The money that you put in an HSA goes in tax-free. You can keep it, invest it, use it tax-free on medical expenses, withdraw funds from it at a fee, and roll it over into a retirement account when you are ready for Medicare. Only FSA’s, the kind of health savings account you get through your employer, is “use it or lose it.”
NOTE: The IRS sets HSA limits each year, and the limits are then published in the Federal Register. See Revenue Procedure 2021-25 for the final HSA levels for 2022.

HSA Limits 2022 Summary

Below are the limits for contributions, deductibles, and out-of-pocket maximums for HSAs.

Minimum Deductible for HSA Eligibility 2022

  • $1,400 for self-only coverage (no change from 2021)
  • $2,800 for family coverage (no change from 2021)

NOTE: It is $2,800 for embedded individual deductible (no change from 2021)

NOTE: The minimum deductible, which is the minimum deductible your High Deductible Health Plan must have after cost assistance.

Maximum Out-of-Pocket Limit for HSA Eligibility 2022

  • $7,050 for self-only coverage ($50 increase from 2021)
  • $14,100 for family coverage ($100 increase from 2021)

NOTE: The maximum out-of-pocket is the highest maximum a plan can have to qualify for an HSA.

TIP: Please note the HSA maximums are not the same as the standard out-of-pocket maximums published each year. The maximums are slightly lower on HSA compatible plans than they are in general on health plans. This has to do with the fact that the rates are raised by different mechanisms. The difference allows for non-HSA compatible high deductible plans. Thus, if you want an HSA, make sure your plan is “HSA Eligible.”

HSA Contribution Limit for 2022

  • $3,650 for self-only coverage
  • $7,300 for family coverage

NOTE: 55 plus can contribute an extra $1,000.

TIP: See Revenue Procedure 2021-25 for final HSA levels.

What Are Health Savings Accounts?

Health savings accounts are tax-advantaged medical savings accounts that you can draw money from for certain medical expenses. They work a bit like a 401k, but money is tax-free in and tax-free out. They are very useful in this respect as they can drop your MAGI (household income after deductions), help you pay fewer taxes, and help you qualify for more assistance.

However, they have some caveats too. Specifically, you can’t pay your premiums with an HSA, and like with a 401k or IRA, you can lose money if you take risky bets so be cautious if you are going to invest your HSA funds.

One last note, to fund an HSA you need to have a High Deductible Health Plan (HDHP) that counts as Minimum Essential Coverage (MEC). So any marketplace plan with a high deductible after cost-sharing assistance or any private major medical plan. Employer plans typically need to be paired with employer offered accounts. Medicare, Medicaid, CHIP, aren’t HSA eligible.


Author: Thomas DeMichele

Thomas DeMichele is the head writer and founder of ObamaCareFacts.com, FactsOnMedicare.com, and other websites. He has been in the health insurance and healthcare information field since 2012. ObamaCareFacts.com is a...

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