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The IRS has released 2021 health savings account (HSA) contribution limits and 2021 high-deductible health plan limits as part of . These limits are:聽
| HSA | 2020 | 2021 |
| Self-only | $3,550 | $3,600 |
| Family | $7,100 | $7,200 |
The 2021 HSA contribution limits will increase to $3,600 for single and $7,200 for family.
| HDHP (self-only coverage) | 2020 | 2021 |
| Annual deductible not less than:聽 | $1,400 | $1,400 |
| Annual out-of-pocket expenses don鈥檛 exceed:聽 | $6,900 | $7,000 |
| HDHP (family coverage) | 2020 | 2021 |
| Annual deductible not less than:聽 | $2,800 | $2,800 |
| Annual out-of-pocket expenses don鈥檛 exceed:聽 | $13,800 | $14,000 |
Your employees must be enrolled in an HDHP in order to be eligible to participate in an HSA.
Our blog will keep you up to date on the latest news surrounding your employee benefits, including future HSA contribution limits announcements. Learn more about HSAs and HDHPs by checking out our HSA blog archive.
The information in this blog post is for educational purposes only. It is not legal or tax advice. For legal or tax advice, you should consult your own counsel.
Subscribe to our Inside 糖心Vlogblog and follow us on social media for the insider view on everything WEX, from payments innovation to what it means to be a WEXer.