2022 FSA Limits

 
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2022 Limits Announced

Today, the IRS announced the 2022 limits for Healthcare Flexible Spending Accounts and Commuter Benefits. You can find more details in Revenue Procedure 2021-45. The IRS released HSA amounts earlier this year in Revenue Procedure 2021-25.

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2022 Limits

 

2022

2021

Difference

Healthcare Flexible Spending Account

$2,850

$2,750

+$100 per year

Maximum Healthcare FSA Carryover

$570

$550

+$20 Carryover

Monthly Maximum Mass Transit

$280

$270

+$10 per month

Monthly Maximum Parking

$280

$270

+$10 per month

HSA Contribution Limit

Self Only:

$3,650

 

Family:

$7,300

Self Only:

$3,600

 

Family:

$7,200

Self Only:

+$50

 

Family:

+$100

HSA Catch-up Contribution

(age 55 or 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

HDHP Maximum-Out-Of-Pocket

Self-Only:

$7,050

 

Family:

$14,100

Self-Only:

$7,000

 

Family:

$14,000

Self-Only:

+$50

 

Family:

+$100

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11/12 – ACA Reporting – 1095-C Template Training

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11/19 – Mandatory Sexual Harassment Training and Your Organization.

New York requires employers to provide mandatory sexual harassment training to employees, and New Jersey looks to be following suit. We’ll talk about legislative developments and our solution to provide employees with meaningful training.

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12/3 – ERISA – Wraps and Reporting

Once those carrier booklets come in, it’ll be time to update Plan Documents and SPDs. Calendar year 5500s may be due in July, but you don’t have to wait until then to get that filing off your list. Join us to learn how ERISA impacts health and welfare benefit plans.

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