2021 HSA Contribution Limits, Out of Pocket Max Increased

2021 HSA contribution

On Wednesday, May 20, the Internal Revenue Service (IRS) published the new rates for Health Savings Accounts (HSAs) in 2021. There is an increase for 2021 HSA contribution limits as well as out-of-pocket maximum limits for high deductible health plans (HDHPs). Learn more below.

2021 HSA Contribution Limits

For 2021, the IRS has adjusted HSA contribution limits for self-only and family coverage due to inflation. An individual with self-only coverage under an HDHP can contribute up to $3,600, a $50 increase. For those with family coverage, the new limit increases by $100 to $7,200.

Account owners 55 years and older can contribute up to $1,000 (no change) over their annual limit. In 2021, with a catch-up contribution, people who have self-only coverage can contribute a maximum of $4,600; those with family coverage can contribute a maximum of $8,200.

HDHP Minimum Deductibles

The IRS did not raise the minimum deductible for high deductible health plans. In 2021, it remains $1,400 for self-only coverage and $2,800 for family coverage.

Out-of-Pocket Maximums

The agency raised out-of-pocket maximums. For self-only coverage, the maximum increased by $100, from $6,900 to $7,000. For family coverage, the maximum increased by $200, from $13,800 to $14,000.

2021 HSA Contribution Limits, Out-of Pocket Max, and Min. Deductible

20212020
Self-only CoverageHSA Contribution Limit$3,600 (+$50)$3,550
Out-of-Pocket Maximums$7,000 (+$100)$6,900
Min. Annual Deductible$1,400$1,400
Family CoverageHSA Contribution Limit$7,200 (+$100)$7,100
Out-of-Pocket Maximums$14,000 (+$200)$13,800
Min. Annual Deductible$2,800$2,800

Important HSA information

DataPath Administrative Services offers HSA account management services, in addition to FSA, COBRA and other employer-sponsored benefits.

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