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IRS announces 2021 HSA/HDHP limits

IRS announces 2021 HSA/HDHP limits

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The IRS has released the health savings account and high-deductible health plan limits for 2021. The annual contribution limits and out-of-pocket amounts for self-only and family coverage all increased over the 2020 limits. The deductible amounts did not change.

Download this FYI as a printable PDF

Background

In Revenue Procedure 2020-32, the IRS issued calendar year 2021 inflation-adjusted contribution limits for health savings accounts (HSAs) along with the minimum deductible and maximum out-of-pocket (OOP) limits for high-deductible health plans (HDHPs).

The following table sets out the limits for 2021 as compared to 2020, and includes the catch-up contribution limit, which is prescribed by statute and not indexed for inflation.

2021 2020 Change
HSA statutory contribution amount
Self-only $3,600 $3,550 + $50
Family $7,200 $7,100 + $100
Catch-up contribution (age 55 or older) $1,000 $1,000 no change
HDHP minimum deductible amount
Self-only $1,400 $1,400 no change
Family $2,800 $2,800 no change
HDHP maximum out-of-pocket amount
Self-only $7,000 $6,900 + $100
Family $14,000 $13,800 + $200

Volume 43 | Issue 29

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