Perkins Coie is a premier international law firm with over a century of experience, dedicated to addressing the legal and business challenges of tomorrow. Renowned for its deep industry knowledge and client-centric approach, the firm has consistently partnered with trailblazing organizations, from aviation pioneers to artificial intelligence innovators. With 21 offices across the United States, Asia, and Europe, and a global network of partner firms, Perkins Coie provides seamless support to clients wherever they operate.
The firm's vision is to be the trusted advisor to the world’s most innovative companies, delivering strategic, high-value solutions critical to their success. Guided by a one-firm culture, Perkins Coie emphasizes excellence, collaboration, inclusion, innovation, and creativity. The firm is committed to building diverse teams, promoting equal access to justice, and upholding the rule of law, reflecting its core values and enduring dedication to clients, communities, and colleagues.
The IRS released 2022 cost-of-living adjustments for health savings accounts (HSAs) and high-deductible health plans (HDHPs) in Revenue Procedure 2021-25.
The IRS released 2022 cost-of-living adjustments for health
savings accounts (HSAs) and high-deductible health plans (HDHPs) in
Revenue Procedure 2021-25,
which will be published in Internal Revenue Bulletin
2021-21 on May 24, 2021.
2022 HSA Contribution Limits. For
2022, individuals enrolled in a high-deductible health plan may
make pre-tax contributions of up to $3,650 to an HSA if they have
self-only coverage (an increase from $3,600 for 2021), or up to
$7,300 if they have family coverage (an increase from $7,200 for
2021).
2022 HDHP Limits. For 2022, the
minimum annual deductible for HDHP plans is $1,400 for self-only
coverage (unchanged from 2020), and $2,800 for family coverage
(unchanged from 2020). The 2022 annual limit on out-of-pocket
expenses (including deductibles, co-payments, and other amounts
(but not premiums)) is $7,050 for self-only coverage (an increase
from $7,000 for 2021) and $14,100 for family coverage (and increase
from $14,000 for 2021).
The content of this article is intended to provide a general
guide to the subject matter. Specialist advice should be sought
about your specific circumstances.
