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2021 Health Savings Account (HSA) & High Deductible Health Plan Inflation Adjusted Amounts

On May 20, 2020, the IRS released Revenue Procedure 2020-32 to provide the inflation-adjusted limits for health savings accounts (HSAs) and high deductible health plans (HDHPs) for 2021. The IRS is required to publish these limits by June 1 of each year.

These limits vary based on whether an individual has self-only or family coverage under an HDHP.

  • Eligible individuals with self-only HDHP coverage will be able to contribute $3,600 to their HSAs for 2021, up from $3,550 for 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).
  • Individuals who are age 55 or older are permitted to make an additional $1,000 “catch-up” contribution to their HSAs.
  • 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).