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IRS releases 2021 HSA and HDHP limits


Author: ADP Admin/Wednesday, June 3, 2020/Categories: News

On May 20, 2020, the Internal Revenue Service (IRS) via Revenue Procedure 2020-32, released inflation-adjusted contribution limitations for calendar year 2021, regarding health savings accounts (HSAs) and high-deductible health plans (HDHPs).  


These limits are indexed for inflation and released annually by June 1st for the following year, as established under the Tax Relief and Health Care Act of 2006.


2021 Annual HSA Contribution Limits:

Self-only HDHP coverage: $3,600* (up $50 from 2020)

Family HDHP coverage: $7,200* (up $100 from 2020)

*However, an individual who has reached the age of 55 by the end of the calendar year may contribute an additional $1,000 per year.


2021 Annual HDHP Minimum Deductibles:

Self-only coverage: $1,400 (no change from 2020)

Family coverage: $2,800 (no change from 2020)


2020 HDHP Out-of-Pocket Limits (includes deductibles, co-payments and other amounts, but not premiums):

Self-only coverage: $7,000 (up $100 from 2020)

Family coverage: $14,000 (up $200 from 2020)

For a copy of Revenue Procedure 2020-32 please click on the link provided below.