What is the 2022 HSA Limit? A Comprehensive Guide

Health Savings Accounts (HSAs) are a valuable tool for managing healthcare expenses while saving on taxes. It's crucial to stay informed about the contribution limits set for HSAs each year. In 2022, the HSA limits were adjusted to accommodate changes in the cost of living. So, what is the 2022 HSA limit?

The HSA contribution limits for 2022 are as follows:

• Individuals: $3,650
• Family: $7,300

It's important to note that these limits include both the individual's contributions and any contributions made by their employer. If you are 55 or older, you are eligible to make an additional catch-up contribution of $1,000 per year.

Maximizing your HSA contributions can help you save for current and future healthcare expenses tax-free. By taking advantage of the 2022 HSA limits, you can secure your financial health and well-being.

Health Savings Accounts (HSAs) are not just about saving for your current healthcare expenses; they play a critical role in tax planning and future financial security. In 2022, the limits for contributions were set at $3,650 for individuals and $7,300 for families. Not to forget, those aged 55 and above can take advantage of an additional catch-up contribution of $1,000 to bolster their savings.