The IRS has Released HSA Contribution Limits for 2021

On May 20, 2020 the IRS released Revenue Procedure 2020-32 which provides the 2021 inflation adjusted amounts for high deductible health plans (HDHPs) Health Savings Accounts.

Below are the 2021 changes compared to the 2020 maximums:

 

                    2020

                    2021

Annual limitation on deductions to a HSA – self-only coverage

$3,550

$3,600

Annual limitation on deductions to a HSA – family coverage

$7,100

$7,200

 

 

HDHP – self-only coverage

  • Annual deductible not less than:
  • Annual out-of-pocket expenses do not exceed:

$1,400

 

$6,900

$1,400*

 

$7,000

 

 

HDHP – family coverage

  • Annual deductible not less than:
  • Annual out-of-pocket expenses do not exceed:

$2,800

 

$13,800

$2,800*

 

$14,000

*No Change in 2021 
 
If you have any questions please contact us at planservices@proficientbenefits.com.
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