HSA Requirements and Limits for 2021

Issue Date: May 21, 2020

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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