IRS Releases 2021 Limits for HSAs
On May 20, 2019 the IRS released Revenue Procedure 2020-32 which provides the 2021 inflation adjusted amounts for high deductible health plans (HPHPs) Health Savings Accounts.
The amounts for HSAs for 2021 as compared to 2020 are as follows:
| 2020 Rev. Proc. 2019-25 | 2021 Rev. Proc. 2020-32 | |
| Annual limitation on deductions to a HSA – self-only coverage | $3,550.00 | $3,600.00 |
| Annual limitation on deductions to a HSA – family coverage | $7,100.00 | $7,200.00 |
| HDHP – self only coverage – Annual deductible not less than: | $1,400.00 | $1,400.00* |
| HDHP – self only coverage – Annual out-of-pocket expenses do not exceed: | $6,900.00 | $7,000.00 |
| HDHP – family coverage – Annual deductible not less than: | $2,800.00 | $2,800.00* |
| HDHP – family – Annual out-of-pocket expenses do not exceed: | $13,800.00 | $14,000.00 |