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Posted May 21, 2020

2021 HSA Contribution Limits

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The IRS has released 2021 Health Savings Account (HSA) contribution limits and 2021 High-Deductible Health Plan limits as part of Revenue Procedure 2020-32. These limits are: 

2021 HSA limits: 

HSA 2020 2021
Self-only $3,550 $3,600
Family $7,100 $7,200

The 2021 HSA contribution limits will increase to $3,600 for single and $7,200 for family.

2021 HDHP limits: 

HDHP (self-only coverage) 2020 2021
Annual deductible not less than:  $1,350 $1,400
Annual out-of-pocket expenses don’t exceed:  $6,750 $7,000

 

HDHP (family coverage) 2020 2021
Annual deductible not less than:  $2,800 $2,800
Annual out-of-pocket expenses don’t exceed:  $13,800 $14,000

Your employees must be enrolled in an HDHP in order to be eligible to participate in an HSA.

Our blog will keep you up to date on the latest news surrounding your employee benefits, including future HSA contribution limits announcements. Learn more about HSAs and HDHPs by checking out our HSA blog archive.

The information in this blog post is for educational purposes only. It is not legal or tax advice. For legal or tax advice, you should consult your own counsel.

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