HSA Requirements and Limits for 2021
Issue Date: May 21, 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