Health Flexible Spending Account (FSA)
| Benefit | 2022 Limits | 2021 Limits |
|---|---|---|
| Employee Salary Reduction Contributions | $2,850 | $2,750 |
| Employer Contributions | Greater of:
|
Greater of:
|
| Maximum Carryover | $570 (For plan years beginning in 2022 carried over into 2023) | $550 (For plan years beginning in 2021 and carried over into 2022)* |
*Under the Consolidated Appropriations Act of 2020, as further explained in IRS Notice 2021-15, an employer may choose to amend its cafeteria plan to permit, for plan years ending in 2020 and 2021, carryovers of unused FSA balances (with no limit) into 2021 and 2022, respectively
Dependent Care Assistance Programs (DCAPs)
| Benefit | 2022 Limits | 2021 Limits |
|---|---|---|
| Maximum Contribution | ||
| Unless Married Filing Separately (e.g., Single or Married Filing Jointly) | $5,000 | $5,000** |
| Married Filing Separately | $2,500 | $2,500** |
**For the 2021 calendar year, the American Rescue Plan Act of 2021 (ARP) increased the amount which may be contributed through a DCAP from $5,000 to $10,500 (or from $2,500 to $5,250 for individuals who are married but filing separately). Employers had the option, but were not required, to increase the election amount on plans they sponsor.
Health Savings Accounts (HSAs) and Qualified High Deductible Health Plans (HDHPs)
| Benefit | 2022 Limits | 2021 Limits |
|---|---|---|
| Maximum Contribution | ||
| Self-Only HDHP Coverage | $3,650 | $3,600 |
| Family HDHP Coverage | $7,300 | $7,200 |
| Catch-Up Contribution (Individuals age 55 or older) | $1,000 | $1,000 |
| Minimum Deductibles for Qualified HDHPs ‡ | ||
| Self-Only QHDHP Coverage | $1,400 | $1,400 |
| Family QHDHP Coverage | $2,800 | $2,800 |
| Out of Pocket (OOP) Limits for Qualified HDHPs | ||
| Self-Only QHDHP Coverage | $7,050 | $7,000 |
| Family QHDHP Coverage | $14,100 | $14,000 |
‡ If the family Qualified HDHP plan design includes an embedded individual deductible, the embedded individual deductible must be at least the amount of the required minimum family deductible ($2,800 in 2022) in order to ensure that the HDHP does not begin paying before the minimum family deductible has been
satisfied.
