HSA Requirements and Limits for 2021
May 22, 2020
The IRS released the 2021 health savings account (HSA) annual contribution limits and high deductible health plan (HDHP) requirements in IRS Rev. Proc. 2020-32 — https://www.irs.gov/pub/irs-drop/rp-20-32.pdf. The updated annual dollar amounts are set forth below.
2021 HSA Annual HSA Contribution Limits*
- Self-only (single) HDHP coverage = $3,600
- Other than self-only (family) HDHP coverage = $7,200
*Catch-up contributions — HSA-eligible individuals who have reached age 55 by the end of the taxable year can make an extra annual $1,000 catch-up contribution.
2021 Qualifying HDHP Coverage
- Minimum Deductible – Self-only (single) = $1,400; Other than self-only (family) = $2,800
- OOP Maximum – Self-only (single) = $7,000; Other than self-only (family) = $14,000
| HDHP Minimum Deductible | HDHP Maximum OOP | HSA Contribution Limit | |
| 2020 | Single – $1,400 | Single – $6,900 | Single – $3,550 |
| Family – $2,800 | Family – $13,800 | Family – $7,100 | |
| 2021 | Single – $1,400 | Single – $7,000 | Single – $3,600 |
| Family – $2,800 | Family – $14,000 | Family – $7,200 |
For more information on HSA-eligibility, contributions and reimbursements, see our HSA Guide: http://www.benefitcomply.com/resources/wp-content/uploads/2020/01/HSAGuide_V5_Jan2020.pdf.
For help calculating 2020 HSA annual contribution limits, see the following spreadsheet:
2020 HSA Contribution Limits — http://benefitcomply.com/resources/wp-content/uploads/2019/05/HSAContributionCalculations_2020.xlsx
