May 21, 2020

The IRS released the 2021 annual inflated adjusted amounts for Health Savings Accounts (HSA). The following increases are effective January 1, 2021:

Contribution Limits

Individuals with single HDHP coverage will see a $50 increase in the annual contribution limit, bringing the maximum limit to $3,600 for 2021. Families with family HDHP coverage will see a $100 increase in the annual contribution limit, bringing the maximum limit to $7,200 for 2021.

Annual HDHP Minimum Deductible- No Change

The minimum deductible imposed for a qualifying high-deductible plan for 2021 remains the same for single coverage at $1,400. It also remains the same for family coverage at $2,800.

Out-of-Pocket Maximums

Annual out-of-pocket expenses will increase in 2021, with a new maximum limit of $7,000 for single coverage and $14,000 for family coverage.