2021 Hsa Contribution Limits 2020

Annual deductible must be 1 400 or more in 2021 up 50 from 2020 and annual out of pocket expenses cannot exceed 7 000 up 100 from 2020.

2021 hsa contribution limits 2020. The maximum contribution for an hsa for the 2021 calendar year has been announced by the internal revenue service in may 2020. The 2021 annual hsa contribution limit is 3 600 for individuals with self only hdhp coverage up from 3 550 in 2020 and 7 200 for individuals with family hdhp coverage up from 7 100 in 2020. Here is what you need to know about the hsa contribution limits for the 2021 calendar year.

2020 contribution limit 2021 contribution limit. Hsa qualified hdhp self coverage. For 2021 the minimum health plan deductible stays the same at 1 400 for single tax filers and 2 800 for joint tax filers.

For family coverage the numbers are minimum 2 800 in annual deductible and no more than 14 000 in annual out of pocket expenses. Hsa contribution limit for self coverage. The other requirement is the maximum out of pocket expenses the plan allows which for 2020 is 6 900 for single filers and 13 800 for joint filers 6 750 and 13 500 respectively for 2019.

The inflation adjusted increases for 2021 are. An individual with coverage under a qualifying high deductible health plan deductible not less than 1 400 can contribute up to 3 600 up 50 from 2020 for the year to their hsa. The maximum contribution an individual can make to a health savings account is 3 600 for self only coverage and 7 200 for family coverage.

Increases to 3 600 in 2021 up 50 from 2020. The internal revenue service announced new higher contribution limits for health savings accounts for 2021 today. For 2021 the lower limit on the annual deductible for an hdhp is 1 400 for self only coverage and 2 800 for family coverage both unchanged from 2020.

You ll be allowed to contribute 3 600 for individual coverage for 2021 up from. The limits on annual deductibles are also subject to annual inflation adjustments.