2021 HSA Contribution Limits Announced by IRS
May 21, 2020
The 2021 HSA contribution limits:
|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.