Regulatory and legislative
Regulatory and legislative
News Alert: IRS Releases 2021 HSA Limits
Published on May 21st, 2020
On May 20, 2020, the IRS released 2021 limits for high-deductible health plans (HDHPs) and health savings accounts (HSAs).
The Employers Council on Flexible Compensation outlined the limits for HSAs and HDHPs for 2021, as compared to 2020, as follows:
| 2020 Rev. Proc. 2019-25 |
2021 Rev. Proc. 2020-32 |
|
|---|---|---|
| Annual limitation on deductions to an HSA – self-only coverage | $3,550 | $3,600 |
| Annual limitation on deductions to an HSA – family coverage | $7,100 | $7,200 |
| HDHP – self-only coverage
Annual deductible not less than: Annual out-of-pocket expenses do not exceed: |
$1,400 | $1,400* |
| $6,900 | $7,000 | |
| HDHP – family coverage
Annual deductible not less than: Annual out-of-pocket expenses do not exceed: |
$2,800 | $2,800* |
| $13,800 | $14,000 |
You can read the full Revenue Procedure 2020-32 here.
