In late June, the Internal Revenue Service issued Revenue Procedure 2020-32, in which they set Health Savings Account contribution limits for calendar year 2021, along with minimum deductible and maximum out-of-pocket expenses for the High Deductible Health Plans, with which HSAs are paired.
For HSA family plans, the contribution limit increased by $100 over 2020 limits, while the contribution limit for single-person plans increased by $50.
Meanwhile, the IRS also announced the maximum out-of-pocket expenses for HDHP, which includes deductibles, co-pay and other items, but now premiums are going up as well. In 2021, the maximum out-of-pocket expenses for families increases by $200 over the previous year, while the individual plan will increase by $100.
See the table below for a full comparison:
Contribution and Out-of-Pocket Limits
for Health Savings Accounts and High-Deductible Health Plans
| 2020 | 2021 | Change | |
| HSA contribution limit (employer + employee) | Self-only: $3,550 Family: $7,100 |
Self-only: $3,600 Family: $7,200 |
Self-only: +$50 Family: +$100 |
| HSA catch-up contributions (age 55 or older) | $1,000 | $1,000 | No change |
| HDHP minimum deductibles | Self-only: $1,400 Family: $2,800 |
Self-only: $1,400 Family: $2,800 |
No change No change |
| HDHP maximum out-of-pocket amounts (deductibles, co-payments and other amounts, but not premiums) | Self-only: $6,900 Family: $13,800 |
Self-only: $7,000 Family: $14,000 |
Self-only: +$100 Family: +$200 |
Source: IRS, Revenue Procedure 2020-32.
