2022 Health and Fringe Benefit Plan Limits

2022 Health and Fringe Benefit Limits

  2021 2022
Health Savings Accounts – HDHP Limits (§223(c)(2)(A))    
HDHP Minimum Annual Deductible – Self Only $1,400 $1,400
HDHP Minimum Annual Deductible – Family $2,800 $2,800
HDHP Out-of-Pocket Maximum – Self Only $7,000 $7,050
HDHP Out-of-Pocket Maximum – Family  $14,000 $14,100
     
Health Savings Accounts – Max Contribution Limits (§223(b))    
Self Only $3,600 $3,650
Family $7,200 $7,300
Catch-Up Contributions (age 55 by the end of the year) $1,000 $1,000
     
Out-of-Pocket Maximum – PHSA §2707(b) Limits    
    Self Only $8,550 $8,700
    Embedded Individual Max within Family Coverage $8,550 $8,700
    Family $17,100 $17,400
     
Transportation Fringe Benefits – Monthly Limits (§132(f)(2))    
Parking $270 $280
Transit Passes and Vanpooling (combined) $270 $280
     
Health Flexible Spending Arrangements    
Contribution Limit (§125(i)) $2,750 $2,850
Carryover Limit $550 $570
     
Dependent Care FSA    
Contribution Limit (§129(a)(2))* $5,000 $5,000
     
Employer Adoption Assistance Exclusion (§137)    
Maximum Gross Income Exclusion $14,440 $14,890
Maximum AGI Limit (after which exclusion phases out) $216,660 $223,410
     
Qualified Small Employer HRA  §9831(d)    
Max Annual Contribution - All Coverage (other than family) $5,300 $5,450
Max Annual Contribution - Family Coverage $10,700 $11,050
     
Excepted Benefit HRA - Treas. Reg. §54.9831-1(c)(3)(viii)    
Annual Maximum   $1,800 $1,800
     

*  Special income tax situations may require a lower limit.

Social Security Tax and Wage Base

The Social Security Administration announced that the 2022 social security wage base will be $147,000, which is an increase of $4,200 from $142,800 for the 2021 calendar year. 

Medicare Tax

The regular Medicare tax rate of 1.45% remains unchanged and applies to all income without a limitation for both the employee and employer portion. The Affordable Care Act additional Medicare tax of 0.9% remains unchanged. The additional Medicare tax applies to wages, other compensation, and self-employment income over certain dollar thresholds ($200,000 for single and $250,000 for married filing jointly). The additional Medicare tax only applies to the employee and not the employer. 

 

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