The IRS has released 2021 limits for High Deductible Health Plans (HDHPs) and Health Savings Accounts (HSAs).
2021 HSA Contribution Limits:
- Self-Only: $3,600 (up from $3,550 in 2020)
- Family: $7,200 (up from $7,100 in 2020)
2021 HDHP Deductible Minimum:
- Self-Only: $1,400 ($1,400 in 2020)
- Family: $2,800 ($2,800 in 2020)
2021 HDHP Out-of-Pocket Expense Maximum:
- Self-Only: $7,000 ($6,900 in 2020)
- Family: $14,000 ($13,800 in 2020)
The Out-of-Pocket Expense Maximum is much lower than on ACA plans in general. That’s why there are always non-HSA qualified plans that are cheaper than the cheapest HSA qualified plan. HHS set an $8,550 out-of-pocket maximum for self-only coverage under the ACA and an out-of-pocket maximum of $17,100 for families covered under an ACA compliant plan beginning in 2021. The information about ACA Out-of-Pocket Expense Maximum is from the final 2021 Notice of Benefit and Payment Parameters.
The information about 2021 HSA Limits is from 26 CFR 601.602: Tax forms and instructions:
