2021 HSA Limits Announced

For 2021, the annual limit on deductible contributions to a Health Savings Account is $3,600 for individuals with self-only coverage under a High Deductible Healthcare Plan (a $50 increase from 2020) and $7,200 for family coverage (a $100 increase from 2020).

What does it mean to be a High Deductible Healthcare Plan? For 2021, the lower limit on the annual deductible is $1,400 for self-only coverage and $2,800 for family coverage, both unchanged from 2020. The upper limit for out-of-pocket expenses is $7,000 for self-only coverage and $14,000 for family coverage, both increased from 2020.