IRS Releases 2021 HSA/HDHP Limits

While it may be too early to be thinking about next year for some and hard to think about anything but dealing with the pandemic, others are already knee deep in making health plan changes for 2021.  For those already planning for next year, the IRS just announced the new 2021 contribution limits for a health savings account (“HSA”), as well as the 2021 minimum deductible and maximum out-of-pocket limits associated with a high deductible health plan (“HDHP”). The IRS slightly increased several numbers but kept the minimum deductibles the same, as you will see in the following comparison:

  2020  2021
Maximum HSA Contribution – Single $3,550 $3,600
Maximum HSA Contribution – Family $7,100 $7,200
Minimum Deductible – Single $1,400 $1,400
Minimum Deductible – Family $2,800 $2,800
Out-of-Pocket Maximum – Single $6,900 $7,000
Out-of-Pocket Maximum – Family $13,800 $14,000