2020 And 2021 Hsa Contribution Limits

What is the hsa contribution limit in 2020.

2020 and 2021 hsa contribution limits. For family coverage the 2021 limit is 100. The 2021 hsa contribution limits are higher than the 2020 amounts. The 2021 annual hsa contribution limit is 3 600 for individuals with self only hdhp coverage up from 3 550 in 2020 and 7 200 for individuals with family hdhp coverage up from 7 100 in 2020.

For family coverage the numbers are minimum 2 800 in annual deductible and no more than 13 800 in annual out of pocket expenses. If you are 55 years old or older you can also contribute up to 1 000 in catch up contributions. The 2020 hsa contribution limit for an individual is 3 550.

The internal revenue service announced new higher contribution limits for health savings accounts for 2021 today. The other requirement is the maximum out of pocket expenses the plan allows which for 2020 is 6 900 for single filers and 13 800 for joint filers 6 750 and 13 500 respectively for 2019. For a family plan the limit is 7 100.

7 100 hsa catch up contributions for 2020 age 55 and older 1 000 1 000. For self only coverage you can contribute 50 more in 2021 than you could in 2020. For 2021 an hdhp with individual coverage must have at least 1 400 in annual deductible and no more than 7 000 in annual out of pocket expenses.

Hsa road rules 2020 2021 limits hsa contribution road rules general contribution rules you must have a qualified hdhp to contribute to an hsa. You ll be allowed to contribute 3 600 for individual coverage for 2021 up from. For 2021 the minimum health plan deductible stays the same at 1 400 for single tax filers and 2 800 for joint tax filers.