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.
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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