Many benefit plan limits have changed for the new calendar year. Here are some limits to review for 2022:

401(k) Limits
• Pre-tax contributions: $20,500 (up $1,000 from 2021)
• Catch-up contributions: $6,500 (no change from 2021)

Health Savings Account (HSA) Limits
• Pre-tax contributions:
> Single coverage: $3,650 (up $50 from 2021)
> Family coverage: $7,300 (up $100 from 2021)
• Catch-up contributions: $1,000 (no change from 2021)

High Deductible Health Plan (HDHP) Limits
• HDHP minimum deductible
> Single coverage: $1,400 (no change from 2021)
> Family coverage: $2,800 (no change from 2021)

• HDHP maximum out-of-pocket costs
> Single coverage: $7,050 (up $50 from 2021)
> Family coverage: $14,100 (up $100 from 2021)

Flexible Spending Account (FSA) Limits
• Contributions: $2,850 (up $100 from 2021)

For more information on any of these limits, please contact Capital Services, Inc. today.