2021 HSA Contribution Limits Announced by IRS
May 21, 2020
The IRS has announced 2021 HSA contribution limits as part of the release of Revenue Procedure 2020-32. The limits are:
The 2021 HSA contribution limits:
| HSA | 2020 | 2021 |
| Self-only contribution limit | $3,550 | $3,600 |
| Family contribution limit | $7,100 | $7,200 |
The contribution limits for HSAs in 2021 will increase to $3,600 for single and $7,200 for family.
2021 High-Deductible Health Plan (HDHP) amounts and expense limits were also announced:
| HDHP (self-only coverage) | 2020 | 2021 |
| Annual deductible not less than: | $1,400 | $1,400 |
| Annual out-of-pocket expenses don't exceed: | $6,900 | $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.
Here are our links to previous HSA contribution limits posts:
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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.