2021 Health Savings Account and High Deductible Health Plan Inflation Adjusted Amounts - Bim Group

2021 Health Savings Account and High Deductible Health Plan Inflation Adjusted Amounts

The Internal Revenue Service (IRS) released Rev. Proc. 2020-23 that provides the 2021 inflation-adjusted amounts for health savings accounts (HSAs) and HSA-qualifying high deductible health plans (HDHPs).

The 2021 annual HSA contribution limit is $3,600 for individuals with self-only HDHP coverage (a $50 increase from the $3,550 contribution limit in 2020). The 2021 annual HSA contribution limit is $7,200 for individuals with family HDHP coverage (a $100 increase from the $7,100 contribution limit in 2020).

The 2021 minimum annual deductible is $1,400 for self-only HDHP coverage (the same as the 2020 minimum annual deductible). The 2021 minimum annual deductible is $2,800 for family HDHP coverage (the same as the 2020 minimum annual deductible).

The 2021 annual limit on out-of-pocket expenses (deductibles, copayments, and other amounts, but not premiums) is $7,000 for self-only HDHP coverage (a $100 increase from the $6,900 limit in 2020). The 2021 annual limit on out-of-pocket expenses is $14,000 for family HDHP coverage (a $200 increase from the $13,800 limit in 2020).

 

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