By Mary Ellen Schill
May 20, 2020
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.
For further information, please contact Attorney Mary Ellen Schill, who prepared this article, or any of the attorneys within the Employment & Benefits group at Ruder Ware.
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