2021 HSA Limits Are Announced

Ruder Ware
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In a bit of a respite from COVID-19, today the IRS announced the Health Savings Account limits for 2021.  With respect to contribution limits, the limits are slightly higher than the ones for 2020.  As a reminder, these inflation adjusted amounts are effective for calendar year 2021.

HSA/HDHP Requirement Cost-of-Living Adjustments
Limit on HSA Contributions – Self-only HDHP 2020 – $3,550

2021 – $3,600

Limit on HSA Contributions – Family HDHP 2020 – $7,100

2021 – $7,200

HDHP Required Deductible – Self-only HDHP 2020 – $1,400

2021 – $1,400

HDHP Required Deductible – Family HDHP 2020 – $2,800

2021 – $2,800

HDHP Out-of-pocket Maximum – Self-only HDHP 2020 – $6,900

2021 – $7,000

HDHP Out-of-pocket Maximum – Family HDHP 2020 – $13,800

2021 – $14,000

HSA Catch-up Contribution Limit 2020 – $1,000

2021 – $1,000

All of the above are for calendar year 2021.

DISCLAIMER: Because of the generality of this update, the information provided herein may not be applicable in all situations and should not be acted upon without specific legal advice based on particular situations.

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