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Colorado Health Insurance Insider

No-cost broker assistance. Cutting edge health insurance analysis.

2021 HSA Limits

June 24, 2020 By Jay Norris

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:

2021 HSA Contribution Limits
Rev. Proc. 2020-32

Related posts:

  1. 2022 HSA Contribution Limits Announced
  2. HSA Contribution Limits for 2019 Have Been Increased By the IRS
  3. IRS 2013 HSA Contribution Limits
  4. IRS 2016 HSA contribution limits and out-of-pocket maximums

Filed Under: Affordable Care Act (ACA), Consumer Directed Health Plans, HHS, HSA, Individual/Family Health

About Jay Norris

Jay operates a health insurance brokerage in Colorado, where he helps individuals and small groups obtain and maintain health insurance coverage, provides data analysis, and creates visualizations that are easily understood by consumers and other stakeholders in Colorado’s health insurance market.

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