IRS Releases 2022 Benefit Plan Limits and Thresholds

The IRS has just released the 2022 benefit plan limits and thresholds. Some items included in this release were announced earlier this year, including an increase to the annual HSA maximum contributions.

Notable changes include an increase to Healthcare Flexible Spending Account (FSA) maximum, an increase to the Healthcare FSA annual rollover allowance, as well as increases to Commuter Benefit monthly maximums.

Here’s a look at some of the other important limits:

Administratively, the timing of the announcement represents a challenge for employers that have already completed their January 1, 2022 annual enrollment periods or are well into their enrollment efforts. Available options to explore include the following:

To those still “planning the plan,” these increases can be folded into your base communications, enrollment processes, and key open enrollment messaging. We have great resources available to assist in your communication strategy. 

If you have questions about this update or need expert help, contact our team.